The Bell Rang for Çates at Borsa Istanbul
Çatalağzı Thermal Power Plant, our country's first and only domestic hard coal power plant, started to be traded on Borsa Istanbul after the bell ceremony held on December 7.
ÇATES gong ceremony hosted by Borsa Istanbul; Borsa Istanbul A.Ş. It was held with the participation of General Manager Korkmaz Ergun, ÇATES General Manager Hamdi Alp and Consortium Leader İnfo Yatırım General Manager Tarkan Akgül, as well as Borsa Istanbul executives and business world representatives. After the ceremony held on December 7, the company started to be traded on Borsa Istanbul under the code "CATES".
There was intense participation in the public offering of ÇATES
There was intense participation in the public offering of ÇATES, which makes a critical contribution to meeting Turkey's increasing energy needs with the uninterrupted electricity it produces. Demand was approximately 2 times more than the allocation amount from domestic individual investors, approximately 10.5 times the allocation amount from domestic corporate investors, 2.3 times the allocation amount from foreign corporate investors, and approximately 1 times the allocation amount from Group employees, for a total of 3.7 times more demand. . As a result of the sale of shares with a nominal value of 33,050,000 TL, the size of the public offering was 1,888,807,500 TL.
Borsa Istanbul A.Ş. In his speech at the ceremony, General Manager Korkmaz Ergun said, "Welcome to our Stock Exchange, to the public offering ceremony held for ÇATES to start trading today. ÇATES, which operates the Çatalağzı Thermal Power Plant, the first thermal power plant of our country, with modern facilities, plays an important role in providing energy to our country's industry. With the decision to be traded on the Stock Exchange in order to use our traditional energy resources more efficiently, it strengthens its equity capital and takes an important step towards achieving goals such as reducing financing costs and strengthening its corporate structure. I would like to thank the valuable managers and employees of our company and our valuable brokerage firm who contributed to this public offering. "I welcome ÇATES to the Borsaimiz family and wish it to be beneficial to our capital markets," he said.
At the bell ceremony, ÇATES General Manager Hamdi ALP touched upon the success of the ÇATES public offering and thanked those who contributed to the process; “With the gong ceremony we held today, we are opening a new page in the history of ÇATES. Now, our responsibilities are much greater; Our motivation is very high. For us, public offering means sharing the power and potential of our company with our investors, in line with the common goal of adding value to the future of our country. "As ÇATES, we will continue our work with determination to benefit the economic development of our country," he said.
Tarkan Akgül, General Manager of İnfo Yatırım, which is the consortium leader in the public offering of ÇATES, said, “As İnfo Yatırım, we mediated the public offering processes of Mackolik, Graınturk, Katılımevim, Forte, Tatlıpınar Enerji and Hat-San Gemi companies this year. We are proud to have realized the 7th public offering together with ÇATES in 2023. We had a successful book building period during our public offering process. While we are proud and happy about the successful completion of the public offering in which İnfo Yatırım is the consortium leader, we would like to thank everyone who contributed to this successful public offering process, especially the ÇATES Family who cooperated with us by trusting İnfo Yatırım, our investors who showed great interest, our esteemed institutions Capital Markets. "I would like to thank all the managers and employees of the Board, Borsa Istanbul, Central Registry Agency and Takasbank and wish them good luck."