Press Release: The gong rang for Vişne Madencilik at Borsa Istanbul

Vişne Madencilik, which completed its public offering with intense investor interest, has made its debut on Borsa Istanbul. As of February 11, 2025, the company’s shares started trading on Borsa Istanbul Main Market under the ticker code VSNMD. The gong at Borsa Istanbul rang for Vişne Madencilik, a subsidiary of Öztüre Holding with 72 years of experience in the mining sector. Completing its IPO with 1.23 times oversubscription from investors, Vişne Madencilik began trading on the Borsa Istanbul Main Market today under the code VSNMD. Vişne Madencilik’s gong ceremony was attended by Borsa Istanbul CEO Korkmaz Ergun, Vişne Madencilik Chairman of the Board Cem Öztüre, Tolga Öztüre, Elif Öztüre, Vişne Madencilik CEO Nurol Şengel, Tera Yatırım Chairman Emre Tezmen, Tera Yatırım CEO and Board Member Emir Sarpyener, Tera Yatırım Deputy General Manager of Corporate Finance Ethem Umut Beytorun, Vişne Madencilik employees, and many guests. Borsa Istanbul CEO Korkmaz Ergun “Our priority will always be to live up to the trust of our investors” Highlighting that they have reached an important milestone in their 72-year history, Vişne Madencilik Chairman of the Board Cem Öztüre said: “We are pleased that our public offering was met with great interest, especially by individual investors. This level of interest has become a great source of motivation for our future goals. We are now a large family with hundreds of thousands of shareholders. As we move forward as a more corporate, transparent, and publicly traded company, our top priority will always be to earn the trust of our investors. We are already a company that actively invests, and the income from the IPO will provide additional funding for our investments. Our IPO will undoubtedly enable us to reach our goals faster. We aim to continue our sustainable growth by putting our investments into operation and increasing the value we provide to our country and our new shareholders. With this goal, we will continue to work tirelessly as we have done so far.” “Investor interest is a clear sign of confidence in the company’s strength and growth potential” Tera Yatırım CEO and Board Member Emir Münir Sarpyener expressed pride in contributing to the successful IPO, saying: “With an annual lime production capacity of 810,000 tons, Vişne Madencilik is the leading player in the regions it operates and ranks as the second-largest producer across Turkey. While we celebrate bringing such a strong company to Borsa Istanbul today, we also believe that this is a valuable step towards further strengthening Turkey’s solid economic infrastructure, enabling growth in the mining sector, and supporting sustainable and innovative projects. The fact that the IPO proceeds will be used for investments, along with the company’s overseas expansion goals—especially in Africa, the Americas, Syria, and the Middle East—and its focus on high value-added products to increase exports, all strengthen our confidence in the company. The strong interest shown by investors clearly reflects the trust in Vişne Madencilik’s strength and growth potential. On this occasion, we thank all the investors who believed in the company and participated in this public offering.”