Aydem Renewables Signed the Biggest Public Offering of the Last 3 Years.

In the public offering of Aydem Renewables, Türkiye's largest company generating energy from 100% renewable resources, 5 times the book building has been accomplished and the largest public offering of the last 3 years has been realized with a transaction size of 1.3 billion Turkish Liras.

As the result of the book building process, in which individual investors has shown great interest with a 10-fold demand, the public offering price was set at 9.9 TL.

As the result of the book building held on April 19-22 for the public offering of Aydem Renewables, which has been undertaken by Garanti BBVA Investment, İş Investment, Türkiye Development and Investment Bank and Yapı Kredi Investment as the consortium leaders and Halk Investment, Vakıf Investment and Ziraat Investment as the co-leaders, 586,426,281 lots of demand has been received from a total of 338,548 investors. A total of 5 times the demand has been collected and the public offering price has been set at TL 9.90.

With the use of the 18 percent additional sales right planned in the public offering, the total public offering size has been accomplished as 1.3 billion Turkish Liras. Thus, Aydem Renewables has realized the largest public offering of the last 3 years as of its date.

Küpeli: “Our goal is to double the strength of our portfolio within 5 years.”

Stating that Aydem Renewables' robust and sustainable business model has been well received and found a response from investors, İdris Küpeli, the CEO of Aydem Energy and the Chairman of the Board of Directors of Aydem Renewables, said: "Thanks to the trust shown by the investors in the strong structure and portfolio of our Company, we have signed the largest public offering of the last three years. Now, as a much bigger family, we will continue our profitable and strong growth. Our goal is to double the strength of our portfolio within 5 years. We will resolutely achieve this goal by focusing on our renewable investments, especially on our hybrid power plant investments."

Aydem Renewables shares are expected to start trading on Borsa Istanbul on Thursday, April 29, 2021 under the code AYDEM.