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