Lila Paper Goes Public

With its semi-finished and finished product exports to more than 5 countries in 80 continents in the world; The application of Lila Kağıt, one of the important players in the tissue paper industry with its Sofia, Maylo, UltraBerrak and Nua brands, to the Capital Markets Board for public offering has been approved.

Ak Yatırım Menkul Değerler A.Ş. and through a consortium consisting of a total of 43 intermediary institutions under the leadership of Yapı Kredi Yatırım Menkul Değerler A.Ş. Book building will be held on April 30 and May 2-3, 2024, at a price of 37,39 TL per share. Lila Paper will be traded on Borsa Istanbul under the code "LILAK".

A total of 500 million shares, including 590 million Group B shares with a nominal value of 90 million TL, which will be increased due to the increase of the Company's issued capital from 90 million TL to 30 million TL, and 30 million Group B shares with a nominal value of 120 million TL, held by the existing partners. 120 million Group B shares with a nominal value of TL will be offered to the public. 70 percent of the total shares to be offered to the public will be allocated for sales to domestic individual investors, 20 percent to domestic institutional investors, and 10 percent to foreign institutional investors. With the realization of the public offering with a total value of 4,5 billion TL, the free float rate of Lila Kağıt will be 20,34 percent.

The company plans to use a significant portion of the proceeds from the public offering for Erzurum Factory Investment, Ergene Factory Investment and Renewable Energy Investments.