| COMPANY INFORMATION |
| Türkiye Vakıflar Bankası T.A.O |
| ISE Trading Symbol |
VAKBN |
| Date of Establishment |
13.04.1954 |
| Paid-in Capital (TRY) |
3,905,622,490 |
PUBLIC OFFERING
The public offering was realized through the sales in and out of the country of the new shares issued upon increase of capital rather than the sales of the existing shares of the shareholders; and thus, new resources exceeding USD12 Billion were provided both for our Bank, and for the Turkish economy.
As the companies with a public offering ratio over 25% are included within various indexes in foreign countries, the public offering model was created taking into account that the public offering of the Bank would exceed the rate of 25%; thus contributed to the brand recognition of the Bank in the international markets.
After public offering, the share of the General Directorate of Foundations in the Bank decreased to 58.45% and the share of the VakıfBank Pension Fund decreased to 16.10% and the publicly traded shares constituted 25.18% of the Bank’s capital.
| CAPITAL STRUCTURE BEFORE AND AFTER PUBLIC OFFERING |
| Shareholders |
Pre IPO (%) |
Post IPO (%) |
| General Directorate of Foundations |
74.76 |
58.45 |
| Vakıfbank Pension Fund |
24.89 |
16.10 |
| Others |
0.35 |
0.27 |
| Free Float |
- |
25.18 |
SHARE TRANSFER
As of December 11, 2019, 43.00% shares and 15.51% shares of General Directorate of Foundations representing Group (A) and Group (B), respectively (58.51% in total, 0.06% of which was other registered foundations) have been transferred to the Ministry of Treasury and Finance as per the Presidential Decree dated December 3, 2019.
OWNERSHIP STRUCTURE BEFORE AND AFTER THE SHARE TRANSFER
| Before Share Transfer (%) |
After Share Transfer (%) |
| A |
The General Directorate of Foundations |
43.00 |
A |
Republic of Turkey Ministry of Treasury and Finance |
43.00 |
| B |
The General Directorate of Foundations |
15.45 |
B |
Republic of Turkey Ministry of Treasury and Finance |
15.51 |
| B |
Other Appendant Foundations |
0.11 |
B |
Other Appendant Foundations |
0.11 |
| B |
Other Registered Foundations* |
0.06 |
C |
VakıfBank Pension Fund |
16.10 |
| C |
VakıfBank Pension Fund |
16.10 |
C |
Individuals and Legal Entities |
0.06 |
| C |
Individuals and Legal Entities |
0.06 |
D |
Free Float |
25.22 |
| D |
Free Float |
25.22 |
|
|
|
| Total |
100.00 |
Total |
100.00 |
|
*Other registered foundations are managed by The General Directorate of Foundations.
|