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Public Offering of Ulusoy Un Completed

22 December 20144 min reading

The unit price of Ulusoy Un Sanayi ve Ticaret A.Ş. stakes for the public offering carried out on December 12th, 13th and 24th of 2014 was set as 3,15 TL. All of the stocks offered to public, which have a par value of 23,500.000 TL, were sold through capital increase and partners sales.

ulusoyun 27,8% of the stakes of Ulusoy Un Sanayi ve Ticaret A.Ş., which is one of the leading flour manufacturers in Turkey, started being traded with the sound of the bell in Borsa İstanbul. The demand for the public offering of Ulusoy Un Sanayi ve Ticaret A.Ş., which took place on December 12th, 13th and 24th of 2014 exceeded what was expected by 1.2 times. The "Bell Ceremony" organized for Ulusoy Un of which the stakes were traded in BIST Ulusal Pazar under the code "ULUUN" was attended by Governor of Samsun İbrahim Şahin, Borsa İstanbul Deputy Director General Halit Yıldız, Şeker Yatırım General Director Osman Göktan and Deputy Director General Öznacar, Şekerbank Deputy Director Generals Orhan Karakaş and Gökhan Ertürk and other Şekerbank and Şeker Yatırım executives, as well as Ulusoy Un Chairman of the Board Fahrettin Ulusoy, Ulusoy Un CEO Günhan Ulusoy and other company officials. AN EXCESS IN DEMAND BY 1.2 TIMES Ulusoy Un, which was offered to the public through the consortium led by Şeker Yatırım Menkul Değerler A.Ş., successfully completed the process with a total demand that exceeded the offered stakes by 1.2 times. While 3.418 investors were interested in the stocks with a par value of 23,500.000 TL, the nominal amount corresponding to the demand was 28,069.000 TL. Stocks were distributed to 2.752 investors, of which 95.1% were domestic individual investors, 3.9% were domestic institutional investors and 1.0% were foreign institutional investors. A total income of 74,000.000 TL generated through the stock sales of Ulusoy Un, of which 27.8% of the capital was offered to the public. Ulusoy Un Chairman of the Board Fahrettin Ulusoy made a speech during the ceremony and stated that there was a great team behind this success which put a lot of faith and effort into it and that all company employees helped on the road to this achievement. Fahrettin Ulusoy was quoted to say, "Since the day Ulusoy Un was established, we have provided products to the kitchens of our people which they could confidently consume. This always has been and will be the way for us. The vision and knowledge of the next generation depend on technology. Therefore, our progress will continue through innovations". Ulusoy, who also stated that it was not easy to maintain sustainable success in a family-owned business, added: "We have advanced so far by expanding our business with the respect and confidence we had towards all members of our corporate family. I wish for this public offering to be beneficial to both our country and company." AN IMPORTANT STEP ON THE ROAD TO BECOMING AN INTERNATIONAL CORPORATION Ulusoy Un CEO Günhan Ulusoy stated that, as officials of the company with one of the leading brands which promoted Turkish flour throughout the world, they were very pleased with the process in BİST. Ulusoy, who remarked that they took an important step in becoming a company which institutionalizes through public offering, also stated that their new partners brought in new responsibilities. Günhan Ulusoy was quoted to say, "I hope our public offering, which makes Ulusoy the first company to go public in Samsun, will set an example to the distinguished companies of Samsun and the rest of Anatolia. Through this process, we took a step further in our progress to transform our family-owned business into an international company. Today, we are proud of offering our 45 years of knowledge and 25 years of sector experience to our new partners, whom we are very pleased to welcome to the Ulusoy Un family. 83% of the income from the public offering we carried out with a price range determined via book-building on December12th, 13th and 24th of 2014 was added to the equities of the company through capital increase. The company will use these resources in financing of its investments and capitalization needs and continue on the road to growth with strategic objectives".
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