Date For The Public Offering of Aydem Energy Was Announced

Date for the public offering of Aydem Energy was announced. The book building date was set for April 19-22.

The application of Aydem Renewable Energy, a subsidiary of Aydem Energy, one of the important companies of the energy sector in Turkey, operating in the field of renewable energy, to the Capital Markets Board (CMB) for the public offering has been approved. In the statement made by the company, it was reported that the book building dates for the public offering were determined as April 19-22, and the price range per share was 8.50-9.90 TL. The size of the public offering will be in the range of 1.1 billion TL-1.3 billion TL in total with the additional share sales, and the free float rate of the company will be 18.44 percent with the sale of additional shares. The public offering will be carried out through capital increase and joint sales, in which Halk Invest, Vakıf Yatırım and Ziraat Yatırım will act as co-leaders, and Garanti Yatırım, İş Yatırım, Turkish Development and Investment Bank and Yapı Kredi Yatırım will be the leader of the consortium. A total of 32 institutions, including consortium leaders and intermediary institutions, will participate in the public offering, which will be carried out by proportional distribution method. The company's 7 million TL capital will be increased to 705 million TL by increasing 5 million TL to the public, which will offer a total share of 110 million TL with a nominal value of 130 million TL including additional sales. In the public offering, the price range per share was 8.50 TL-9.90 TL, and the book building dates were determined as 19-22 April. It was stated that Aydem Renewable Energy is expected to start trading on Borsa Istanbul as of April 29. Aydem Renewable Energy Inc., whose public offering application was approved by the CMB, stands in the position of Turkey's largest company that produces energy only from renewable sources.