Sale of existing shares
Company shareholders may offer part of the shares they hold on or outside the Exchange.  

Public offering via capital increase
Companies may supply funds by issuing new shares via a capital increase.

Concurrent use of both methods
The companies are allowed to use both methods concurrently. Thereby, both the shareholder derives income from the sale of existing shares and the company finds a financial resource.

Sale of Existing Shares

Shareholders  may offer their shares to the public under the following circumstances:

-the company's capital must be paid-in completely
-registrations which might restrict the transfer or circulation of shares such as pledges or collaterals, or preventing the exercise of rights by the holder should not exist    

The board of directors should prepare a draft amendment to amend the capital section of the articles of association, and secure the approval of CMB for the amendment; then the next first general assembly of the company should issue a decision for amendments.

Public Offering via Capital Increase

A corporation using the capital increase method may offer the shares by fully or partially restricting the pre-emptive rights (the right of existing shareholders to purchase new shares). The capital has to be paid-in completely.

In advance of the application to the CMB, the board of directors should prepare a draft amendment to amend the capital section of the articles of association, and secure the approval of CMB for the amendment. The general assembly of the company should issue a decision to increase the capital and to restrict the right to purchase new shares – under the scope of the provisions of Turkish Commercial Code.