Twenty-Five Percent Discount On Initial Listing Fees
On Istanbul Stock Exchange’s Twenty-Fifth Anniversary
Date 11/01/2011
Istanbul Stock Exchange (ISE) has decided to apply a discount on its Listing Fee Tariff in order to accelerate the efforts within the framework of its Initial Public Offering Campaign, to encourage public offerings to reach the European Union’s minimum free-float rate of 25 percent, and to facilitate reaching the target of “allowing companies to go public and increasing the free-float rate of traded companies” as envisaged by the Istanbul International Financial Center Action Plan. As a result of such discount that has gone into force after being approved by the Capital Markets Board of Turkey (CMB) on December 29, 2010, a discount of 25 percent will be applied on the initial listing fees for the companies applying for initial listing/trading on the ISE National Market or the Second National Market, and whose free-float rate is minimum 25 percent or whose market capitalization is at least TL 100 million. Such discount will be valid until December 31, 2011 and shall not hold for annual listing fees.