Ostim Endüstriyel Yatırımlar ve İşletme Anonim Şirketi (Ostim Yatırım A.Ş.), the leading company of SMEs operating in Ostim, had been trading on Borsa İstanbul Free Trade Platform (FTP) since May 10, 2012. As a result of Borsa İstanbul’s Board’s resolution, the Company was transferred from FTP to the Second National Market starting from June 3. Ostim Yatırım A.Ş. was the first company to trade on FTP, and has been the first company to transfer from FTP to the Second National Market
Ostim Yatırım A.Ş. started trading on Borsa İstanbul on May 10, 2012 as the first company to trade on the Free Trade Platform (FTP), with the ticker code “OSTİM”. Upon the approval of Borsa İstanbul’s Board, the Company’s equities started to trade on Borsa İstanbul Second National Market today. On this occasion, a bell-ringing ceremony was organized, with the participation of Borsa İstanbul Executive Vice President Aydın Seyman and Ostim Yatırım A.Ş. Chairman Orhan Aydın. The Company’s equities were included in BIST All-100, BIST Second National, BIST Financials, BIST Holding and Investment, and BIST Ankara Indices.
Borsa İstanbul Executive Vice President Aydın Seyman started his speech by congratulating Ostim Endüstriyel Yatırımlar ve İşletme A.Ş.. Aydın Seyman said that, during the first half of 2013, 7 companies were offered to the public, in addition to 147 debt securities and 1 Exchange Traded Fund, raising total funds of TL 1.2 billion through equity issues, and TL 23.7 billion through capital markets instruments issues. Mr. Seyman also indicated that, Borsa İstanbul is currently examining the applications of a total of 10 companies (4 for the Emerging Companies Market) for equity issues, 30 companies and banks for debt security issues, and one investment company, for a warrant issue. Mr. Seyman said that the market capitalization of the companies traded on Borsa İstanbul has reached TL 643 billion (USD 349 billion), and added,
“Ostim Endüstriyel Yatırımlar ve İşletme A.Ş. carries out joint projects in and outside Turkey, combines engineering, design and manufacturing power with the professional support it provides to projects, and integrates this power in the market with a systematic approach. We are very pleased that Ostim Yatırım A.Ş. has started trading on the Second National Market. Turkey continues to grow on the basis of the current political and economic stability. Turkey’s success is following a sustainable development trend, while our companies operate like locomotives, providing value-added for the economy. I wish success to Ostim Endüstriyel Yatırımlar ve İşletme A.Ş. and take this opportunity to invite other companies to benefit from the advantages offered by the capital markets.”
Ostim Endüstriyel Yatırımlar ve İşletme A.Ş. was founded on August 13, 1998, and aims to create a dynamic cooperation among the SMEs operating in Ostim, bring their product and services together with local and foreign markets, thereby adding to their business volume, and to become an international investment company offering its investors sustainable and high profits. The Company’s main activities include real estate management, exports and turn key industrial contracting.
The Company’s issued capital is TL 18,000,000, registered authorized capital is TL 50,000,000, and its free-float rate is 90%. 74% of the publicly held portion consists of tradable equities. The Company’s 2012 turnover was realized at TL 26,488,093.
Ostim Endüstriyel Yatırımlar ve İşletme A.Ş. equities started to trade at a price of TL 2.95 on May 10, 2012; with a low of TL 2.00 and high of TL 23.65 during the year. In line with Borsa İstanbul Board’s decision of May 30, 2013 for the Company’s shares to start trading on the Second National Market on the basis of the average weighted price in the last session, the equities were offered for trading at a price of TL 2.73.
