As a result of the recent fluctuations within the Istanbul Stock Exchange the value of most public company stocks has fallen below their nominal value. Additionally, as the legislation stipulates that shares representing company capital shall not be sold below their nominal values, most companies affected by the fluctuations were unable to increase company capital by way of public offerings.

Accordingly, capital increases for companies, the stock values of which have fallen below their nominal value, are only possible by way of a capital decrease where the nominal value of the shares is decreased or the number of shares is reduced. Principles and procedures with respect to such capital decreases are indicated within the Weekly Bulletin published by the CMB. The circumstances where the capital of the company may be decreased, the required documents and procedures with respect to such decreases, and the meeting and decision quorums are also indicated in the Bulletin.