A gong ceremony was held at Borsa Istanbul for Vişne Madencilik, which completed the public offering process. Company shares started to be traded on Borsa Istanbul Main Market with the code 'VSNMD' during the ceremony.
Borsa Istanbul A.Ş. General Manager Korkmaz Ergun, Vişne Madencilik Chairman Cem Öztüre, Ahu Öztüre Acarlı, Tolga Öztüre, Elif Öztüre, Vişne Madencilik General Manager Nurol Şengel and Tera Yatırım General Manager and Board Member Emir Sarpyener made the countdown together.
In his speech, Mr. Korkmaz Ergun, General Manager of Borsa Istanbul A.Ş., said: “Vişne Madencililik is one of Türkiye's leading companies in limestone mining. With its factories and integrated processing facilities, it contributes to many different industrial sectors and our country. Vişne Madencilik has preferred to meet the financing needed for the investments required for growth with the goals of meeting the increasing demand, expanding the export market, increasing capacity, modernization and increasing efficiency through public offering. I welcome Vişne Madencilik for this choice.”
“We have become a big family with hundreds of thousands of partners”
Cem Öztüre, Chairman of the Board of Directors of Vişne Madencilik, said that they are happy to see the interest of individual investors in the public offering and added, “Such interest has been a source of motivation for us for our future goals. We are now a big family with hundreds of thousands of partners. As we continue on our way as a more corporate, transparent and publicly traded company, it will always be our priority to be worthy of the trust of our investors.”
“Our investments will continue with the proceeds from the IPO”
Emphasizing that they are a company that continues its investments, Öztüre said; “We will fund our investments with the income we will obtain from the public offering. In fact, we started the most important part of our investments months ago, and we will be finished in a month. Our public offering will undoubtedly enable us to reach our targets faster. We want to continue our sustainable growth and further increase the value we provide to our country and our new shareholders by putting our investments into operation. In this direction, we will continue to work with all our strength in the coming period as we have done so far. Our father, Nihat Mithat Öztüre, used to say 'an industrialist is like a person riding a bicycle, he has to keep pedaling'. We are trying to move forward on the path he paved.”
Cem Öztüre said, “We would like to thank all our colleagues who have contributed to the company reaching this point: “We respectfully remember our founder, Mithat Öztüre, who guided us. We would like to thank our Honorary President Ecmel Öztüre, our brothers Nezih Öztüre and Can Öztüre, our valuable colleagues, our factory managers Mr. Ali, Mr. Utku, Mr. Reşit, Mr. İbrahim, Mr. Alper, our General Manager Nurol Şengün, Mr. Aydın, Mr. Serkan, our engineers and workers, our shareholders who trusted us, members of Tera Securities, Raenda Aren, Akol Law and Consulta Consultancy. Together with them, we realized these investments.
We would like to express our gratitude to our hundreds of thousands of new shareholders who trusted Vişne Madencilik, to all our valuable institutions and employees who contributed to the public offering process, and we wish our public offering to be beneficial to the capital markets.”
Emir Sarpyener, General Manager and Board Member of Tera Yatırım; “We are proud to have contributed to both the mining sector and the Turkish industry by completing the public offering of Vişne Madencilik. We believe that the IPO proceeds will increase Vişne Madencilik's product diversity, add new markets in Africa and the USA, especially in the export market, and may be one of the companies that will benefit the most from the reconstruction of Syria.”
The ceremony was also attended by executives and employees of Vişne Madencilik and Tera Yatırım, the intermediary for the public offering of the company.
Vişne Madencilik, which has a long-established history of 72 years in the Turkish mining sector and operates under Öztüre Holding, to which SteelRadar is also affiliated, collected demand for the public offering on February 3-5, 2025, and received approximately 1.23 times the public offering size from investors. The company gained a total of 228,459 new partners. Vişne Madencilik, which ranks first among lime producers in Adana, Osmaniye, Hatay, Kahramanmaraş and Gaziantep and second in Turkey with its production volume, attracted great interest from investors with this successful public offering.
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