Zorlu Enerji Elektrik Üretim A.Ş. (ZOREN) will conduct a 100% rights issue to increase its capital

Zorlu Enerji

Zorlu Enerji Elektrik Üretim A.Ş. (ZOREN) has decided to conduct a 2.5 billion Turkish Lira rights issue to increase its capital.

Zorlu Enerji Elektrik Üretim A.Ş. (ZOREN) has completed its rights issue and increased its existing capital from 2,500,000,000 Turkish Lira to 5,000,000,000 Turkish Lira, representing a 100% increase. ZOREN has informed its investors that the remaining shares with a total nominal value of 7,027,487.23 Turkish Lira, for which the pre-emptive rights were not exercised, will be offered for sale on the stock exchange on July 6-7.

During the period for our partners to exercise their new share subscription rights, the total nominal value of the unexercised rights corresponds to 7,027,487.23 Turkish Lira. The remaining shares will be offered for sale through Deniz Yatırım Menkul Kıymetler AŞ, as the intermediary, on the Primary Market of Borsa Istanbul AŞ for a period of 2 business days from July 6 to July 7, 2023. The sale price for each share with a nominal value of 1 Turkish Lira will be determined at a price not less than 1 Turkish Lira.

The announcement containing the public offering principles can be accessed through the Public Disclosure Platform (KAP) at www.kap.org.tr, our company’s website at www.zorluenerji.com.tr, and the website of Deniz Yatırım Menkul Kıymetler AŞ, which will facilitate the sale in the public offering, at www.denizyatirim.com.

The unsold shares will be purchased by our company’s main shareholder, Zorlu Holding AŞ.

The English translation of this statement is attached, and in case of any discrepancy, the Turkish version of the statement will be deemed as the authoritative version.

Zorlu Enerji

Zorlu Enerji Elektrik Üretim A.Ş. (Zorlu Energy) is a Turkish energy company that operates in the field of electricity generation and distribution. It is a subsidiary of Zorlu Holding, a prominent Turkish conglomerate. Zorlu Energy engages in various activities within the energy sector, including power generation from different sources, energy trading, and distribution.

The company operates a diverse portfolio of power plants, including natural gas, coal, wind, and solar power plants. Zorlu Energy focuses on renewable energy sources and has made significant investments in wind and solar power projects in Turkey and abroad. It aims to contribute to a sustainable energy future by increasing the share of renewable energy in its generation portfolio.

Zorlu Energy also participates in energy trading activities, including electricity trading and supply. The company has established itself as one of the leading players in the Turkish energy market and actively contributes to the development and expansion of the sector.

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