Question 55. What is Kupur?

The term “Share Certificate” is usually used for a share. It is known that each of the “Printed Papers” recognized as Share Certificates represents a single share.

However, for the convenience of the shareholders, Share Certificates representing more than one share may be issued. On each “Printed Paper” it is written how many shares and how many shares it represents. Such as 1-5-10-100-1000 shares. Printed Papers representing more than one share are called “large coupon”. They are called stock certificates.

Large denominations provide their owners with ease of storage and ease of transaction. However, due to the small and scattered demand for stocks in Turkey, large denominations are difficult to find buyers. Holders of large coupon share certificates
The Company finds it difficult to sell these shares, and they may be sold at a price that is up to 10 percent lower than the price on the stock exchange.

(Today, the minimum trading volume on the Stock Exchange is 200 Since it is a Share Certificate, 100 or 200 shares of Printed Papers can be considered as normal clippings).

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