Izdemir’s Public Offering Has Been Postponed

İzdemir’s public offering has been postponed. İzmir Demir Çelik announced that the public offering will be held in a more suitable period.

In the statement made by İzmir Demir Çelik to the Public Disclosure Platform (KAP), it was stated that the public offering of İzdemir Enerji Elektrik Üretim AŞ was given up in order to realize it at a more suitable period. In the statement made by İzmir Demir Çelik, following expressions were made: "In our special case statement we made on 11.02.2021, it was stated that the studies regarding the public offering of İzdemir Enerji Elektrik Üretim AŞ are continuing, although no binding decision has been taken yet, in order to accelerate the works, "Authorization Agreement for Public Offering Brokerage and Advisory Services" was signed with the Industrial Development Bank of Turkey (TSKB). At the meeting of the Board of Directors of İzdemir Enerji Elektrik Üretim AŞ, dated 25.06.2021; "Taking into account the evaluation of the Turkish Industrial Development Bank (TSKB), the advisory intermediary institution, Izdemir Enerji Elektrik Üretim's financial statements and evaluations made within the framework of the updated legislation and the current market conditions regarding the public offering, It has been decided that the necessary conditions for the public offering have not been met, and therefore, the public offering in question will be abandoned for the time being, to be held in a period when the conditions are more suitable." On 17 June 2021, İşbir Holding announced to the Public Disclosure Platform (KAP) that the public offering of İşbir Sentetik Dokuma Sanayi AŞ was postponed.