Our Board of Directors has resolved during the meeting of 04.03.2021 (today) that:
To hold an initial public offering of the 13,369,787,000 shares corresponding to 25% of the total 53,479,145,765 registered shares –with a nominal value of 1 Kurus - of Galata Wind Enerji A.Ş., our direct subsidiary, representing its fully paid total capital of 534,791,457.65 Turkish Liras, and moreover, within the scope of the exercise of the “additional selling” rights, by ensuring the option of “additional sales” for the 2,673,957,000 shares, representing 5% of the total capital of Galata Wind Enerji A.Ş.to allow such shares to be also publicly offered, and accordingly, to hold an initial public offering for 16,043,744.000 shares representing 30% of the total capital of Galata Wind Enerji A.Ş., including the exercise of the “additional selling” rights.
An application has been submitted to the Capital Markets Board on 04.03.2021 (today) requesting the shares of Galata Wind Enerji A.Ş. to be entered into the Capital Market Boards registry and requesting an approval for the initial public offering. Moreover, applications are also being submitted to Borsa İstanbul A.Ş. (Istanbul Stock Exchange) and Merkezi Kayıt Kuruluşu A.Ş. (Central Registry Agency) to obtain the necessary permits within this scope.
Galata Wind Enerji A.Ş., the activity results of which are presented in our consolidated financial statement, in the “Electricity Generation and Trade” section, is in the field of green and renewable energy driven electricity generation. It has 3 Wind Power Plants (“WPP”) and 2 Solar Energy Plants (“SEP”) with a total installed capacity of 269 MW in its portfolio. Galata Wind Enerji A.Ş. has a target of both growing domestically and overseas with new projects in the field of renewable energy resources, and plans to create new areas of business in high added value fields by opting for scattered and alternative energy technologies in 2021.