Having offered 44.95 percent of its capital to the public, İz Hayvancılık Tarım began to be traded on Borsa İstanbul with a ceremony. As the 418th company traded on Borsa İstanbul, İz Tarım started to be traded with the ticker code “IZTAR” at a price of ¨2.73

İz Hayvancılık Tarım ve Gıda Sanayi A.Ş. operates in the agriculture and stock-breeding sector on a total area of 178,000 m² area, of which 20,000 m² is indoor space, in Lüleburgaz district of Kırklareli. The shares of the company began to be traded on the Emerging Companies Market (ECM) with the ticker code “IZTAR” at a price of ¨ 2.73 following a gong ceremony on November 12, 2013.

Sinan Araç, Chairman of the Board, of İz Hayvancılık Tarım; Bülent Kırımlı, General Manager of A1 Capital Menkul Değerler and Aydın Seyman, Executive Vice President of Borsa İstanbul, rang the opening bell together at the gong ceremony held for İz Hayvancılık Tarım at Borsa İstanbul.

Aydın Seyman: "Today, 418th company began to be traded at the Borsa İstanbul."

Seven companies  went public in 2013 and started to be traded on both the Equity Market and ECM, generating proceeds of nearly ¨ 4.5 billion, said Aydın Seyman, Executive Vice President of Borsa İstanbul, as he spoke at the gong ceremony for İz Hayvancılık Tarım. Seyman said that applications by 15 and 10 companies to go public and be traded on the Equity Market and ECM respectively are being examined. He added that with the introduction of İz Hayvancılık Tarım, there are now 418 companies being traded on Borsa İstanbul.

“İz Hayvancılık Tarım, which is involved in agriculture and stock-breeding business, is the latest result of Borsa İstanbul’s Public Offering Campaign. We wish İz Hayvancılık Tarım success and take this opportunity to invite other companies to take advantage of the benefits offered by the capital markets," said Aydın Seyman.

Sinan Araç: "The Public Offering was completed successfully on the first day."

İz Hayvancılık Tarım offered 44.95 percent of its shares to the public on November 6, generating net funds of ¨ 7.6 million.  The public offering took place with fixed price sales method without book building" on the Primary Market of Borsa İstanbul, and it was completed on the first day of the public offering, receiving demand that was nearly twice as much.

In his speech during the public offering ceremony, Sinan Araç, Chairman of the Board of İz Hayvancılık Tarım, expressed his pleasure for the forthcoming trading of the company on Borsa İstanbul. He said the funds that will be generated from the public offering would be invested in agriculture business and retail milk sales project.  “As a result of the investments we will make, we are going to distinguish ourselves as a producer of highly efficient and good quality milk in Turkey, and with the implementation of the retail milk sales project, we are going to deliver our milk to consumers directly. We will continue to increase milk production to reach full capacity with 760 dairy cows in 2015, raising the milk production capacity to 22 tons from the current figure of 12 tons. We primarily want to rid ourselves of the short-term bank loans in the amount of ¨2 million by using the funds of ¨ 7.6 million we are going to generate from the public offering. In addition, we aim to use a large part of the public offering revenue in agriculture investments to diversify the business and spread our risk. Within the scope of the agriculture investment, we are going to invest in fructiferous orchards and in nurseries that will sell saplings," he said.