Esenboga Elektrik Uretim AsBIST: ESEN

Esenboga Elektrik Says It Completes Accelerated Bookbuilding Sale Of 2.91% Margun Stake, Total Proceeds From Sale Is 4.59 Bln Lira

· Issued by Esenboga Elektrik Uretim AS

ESENBOĞA ELEKTRİK ÜRETİM BIST:ESEN:

  • SAID ON TUESDAY HAS COMPLETES AN ACCELERATED BOOKBUILDING PROCESS FOR SALE OF SHARES REPRESENTING 2.91% OF CAPITAL OF MARGUN ENERJI TO DOMESTIC AND INTERNATIONAL INSTITUTIONAL INVESTORS

  • UBS AND UNLU MENKUL DEGERLER WERE MANDATED TO RUN ACCELERATED BOOKBUILDING PROCESS

  • DEMAND WAS RECEIVED FOR THE FULL 85.8 MILLION LIRA NOMINAL VALUE OF SHARES AT 53.55 LIRA EACH

  • TOTAL PROCEEDS FROM SALE REACHED 4.59 BILLION LIRA

  • FOLLOWING COMPLETION OF THE TRANSACTION, ESENBOGA'S STAKE IN MARGUN WILL FALL TO 72.7%, WHILE MARGUN'S FREE FLOAT WILL RISE TO 27.3%

  • PROCEEDS FROM THE SHARE SALE WILL BE EXTENDED TO MARGUN AS A SHAREHOLDER LOAN TO SUPPORT GROWTH OPPORTUNITIES

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