Vakıf Menkul faces daily disclosure after share-price threshold
The investment trust reported net asset value of TL 1.475371 per share as its Oct. 9 weighted-average price crossed a regulatory threshold.
Key takeaways
- Net asset value was TL 1.475371 per share on Oct. 9.
- The company said no undisclosed special situation could explain unusual price and volume movements.
Vakıf Menkul Kıymet Yatırım Ortaklığı said its weighted-average share price on Borsa Istanbul exceeded twice its per-share net asset value on Oct. 9. The company reported net asset value of TL 1.475371 per share that day.
In its KAP disclosure, the company said there was no undisclosed special situation that could affect unusual price and volume movements in its shares.
A Capital Markets Board rule requires the company to publish sector-based portfolio and net asset value tables on KAP every business day from the next business day until the price condition ends. The company submitted the table dated Oct. 9; for shareholders, this means daily information while the threshold remains in place. The filing does not state the weighted-average share price or when the condition will end.
This article was produced with the help of AI technology. Source: Yahoo Finance
