On September 15, 2021, Europap Tezol Kağıt Sanayi ve Ticaret A.Ş. listed in Borsa İstanbul following the Opening Bell Ceremony. The initial public offering (IPO) of Europap Tezol Kağıt, which started to be traded with the ticker code TEZOL in BIST STARS, reached 333 million TL, and the free float rate was 24 percent.
The opening bell ceremony was held at Borsa İstanbul A.Ş. with the attendance of CEO Korkmaz Ergun, Europap Tezol Kağıt Chairman of the Board Ersin Tezol, Europap Tezol Kağıt Treasury Department Head Şükrü Erhan Tezol, Europap Tezol Kağıt Finance Director Cem Akpınar, Deniz Yatırım CEO Melih Akosman and Deniz Yatırım Deputy CEO Nurullah Erdoğan.
In his address at the Opening Bell Ceremony, Korkmaz Ergun, the CEO of Borsa İstanbul A.Ş., stated as follows:
“Receiving high demand, Europap Tezol Kağıt launched an outstanding IPO with sales of 333 million TL to approximately 122 thousand investors. I would like to congratulate everyone who contributed to this successful IPO, particularly the managers and employees of the company and the intermediary institution. I would like to take this opportunity to thank Europap Tezol Kağıt for its vision of sustainability. It has demonstrated its diligence and success by receiving national and international certificates and by breaking new ground in the sustainability area. Most of the companies exert great effort to keep on par with the developments in green production rapidly. As Borsa İstanbul, we assist and promote our companies adopting this vision and place them in a separately. In other words, we list companies with high sustainability performances in the BIST Sustainability Index.”
Announcing that Borsa İstanbul will take an exceptional step in terms of sustainability as of October 1, Ergun further maintained as follows: “We have raised the sustainability criteria, that is, we kept the bar high. As of October 1, our companies must meet higher criteria in order to be included in the Sustainability Index. Thus, we encourage our companies to enhance their sustainability performance and to give them a jump on international competition. As of October 1, company valuations will no longer be held once a year, but on an ongoing basis. Our companies will be able to update their data throughout the year and their notes will be revised to include these updates. Companies that meet the index criteria will be included in the index from the beginning of the following first quarter. We will increase the number and diversity of sustainability indices, and ensure the establishment of futures contracts and similar financial products. Thus, we will facilitate investors to invest in the theme of sustainability. Transparency is of utmost importance for sustainability and for our capital markets. In this new period, we prioritized fostering transparency in terms of sustainability as well. As such, our companies and investors will have easy access to all sustainability data.
What is more to that is to promote all companies regardless of their sizes to take action in terms of sustainability. To this end, we intend to expand the company description which can be included in the evaluations in the days to come. As we all know, expectations regarding sustainability are increasing for all companies in the international arena. I would like to take this opportunity to invite all our companies traded on our Stock Exchange, which are highly sensitive in the field of sustainability and green production, to act at full blast in cooperation with us.
Today we gathered at the Opening Bell ceremony of Europap Tezol Paper. I welcome Europap Tezol Paper to our Exchange. I extend my best regards for our capital markets.