Successfully completed the public offering process in June last year with TRY 526 million TL, OYAK Yatırım Menkul Değerler A.Ş. (OYYAT) announced that the Board of Directors decided to apply to the Capital Markets Board (CMB) for a capital increase through bonus issue in the Public Disclosure Platform (PDP) and to submit the issue of dividend distribution from the 2021 operating year profit to the approval of the General Assembly.
Celebrating its 40th anniversary this year, OYAK Securities ensures sustainable growth with its long-established history and the strength it derives from OYAK's vision, increasing collaborations and diversifying products. As a reflection of the successful business results it has achieved thanks to its portfolio enriched with its experience, OYAK Securities announced that it has decided to increase the capital through bonus issue of TRY 206 million and to distribute a gross cash dividend of TRY 100 million from internal resources.
According to the statement made to the PDP, a capital increase through bonus issue will take place from the internal resources by increasing the issued capital of the company, which is TRY 94,000,000, by TRY 206,000,000 to TRY 300,000,000 (at the rate of 219.14893%) completely by the internal resources, ensuring that the amount remains under the registered capital ceiling of TRY 1,000,000,000.
Continuing to grow steadily in the last five years, OYAK Securities increased its net profit for the consolidated parent company in 2021 to TRY 402.6 million, an increase of 185 percent compared to the previous year. The company will submit to the approval of the shareholders at the General Assembly the issue of dividend distribution of a total of TRY 100 million (TRY 1.06 in gross per share) from the profit for the period in 2021.
Operating in the sector with its vision aiming to contribute to the development of capital markets after a successful public offering process, its mission to create value for its investors and its strong shareholding structure, OYAK Securities showed that it operates with a management style that can make a difference by sharing its earnings with its investors in the first year of the public offering.
OYAK Securities announced its successful financial results for the 2021 operating year on PDP on February 9, 2022, to the public, especially to the investors who have invested in OYAK Securities by showing interest in its public offering. Even though it has been a very short time since its public offering in June 2021, OYAK Securities continues to contribute to the capital markets with the capital increase through bonus issue and dividend distribution, following its successful financial results.
