Shareholders of聽Turkish Energy Stock Market are required to sign the聽Turkish Energy Stock Market聽prime contract between the dates of March 4 to 6.
"It is respectfully announced that shareholders聽shall聽come to EMRA with their notarized signatory circulars and identity cards while others who are authorized to sign聽shall come with their notarized聽proxy statements and identity cards to sign the prime contract of EPIAS."聽Turkish Energy Stock Market, EMRA,聽announced.
After the prime contract is聽signed, the establishment of the聽Turkish Energy Stock Market,聽EPIAS, as a legal entity, it will need to be registered to trade.聽Following this registration, an incorporation process聽will be conducted.聽After licensing is issued, the corporation will be able to start market operations.
Energy exchange shares are categorized into three groups in the company structure of EPIAS;聽A, B and C which will be traded on Turkey's energy stock market. A type shares relate to聽state-owned companies, type B are traded on聽Borsa Istanbul and聽type C shares relate to聽private companies.
A total of sixty聽percent of the energy exchange shares -聽each with a thirty percent share聽- belong to two state-owned companies;聽Turkish Electricity Transmission Company, TEIAS, and Borsa聽Istanbul, Turkey鈥檚 state-run stock聽exchange. The remaining 40 percent of shares belong to the聽shareholders.
By Muhsin Baris Tiryakioglu
Anadolu Agency
muhsin.tiryakioglu@aa.com.tr