The Communiqué on Squeeze-Out and Put Option Rights No: II.27.1 (“Old Communiqué”) published in Official Gazette dated 02.01.2014 and numbered 28870 has recently been repealed by the Communiqué on Squeeze-Out and Put Option Rights No:II-27.2 published in Official Gazette dated 12.11.2014 and numbered 29173 (“New Communiqué”).
Undoubtedly, the most remarkable changes introduced by the New Communiqué are the raise of threshold for triggering the exercise of squeeze-out and put option rights through which it is intended to prevent the delisting in Borsa İstanbul A.Ş and also the change of the calculation formula to be applied on the put option rights.