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What is Material transactions and appraisal (exit) right?

The requirement for transactions such as mergers, divisions, conversions and major asset sales in listed companies to be approved by the general assembly, with shareholders voting against having the right to exit by selling their shares to the company.

The exit price is calculated under the communiqué and may create a significant cash outflow for the company. The materiality criteria of such transactions must be assessed and disclosed publicly.

Source: 6362 sayılı SPKn md. 23-24, SPK II-23.3 Tebliği

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Last updated: November 8, 2026 · This definition is for general information only.

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