We regularly conduct shareholder identification studies. These studies help us analyze our shareholder base and see ownership changes from one period to another. Our free float shareholders include Institutional Investors and Retail Investors among others.
July 2016 study by an independent service provider shows that, Türk Telekom had over 210 institutional investors from all around the world. According to this survey, majority of the Turk Telekom investor base is Value Investors. Other styles with significant presence include Growth, GARP (Growth at a Reasonable Price and Index Investors) and Index.
Regarding regional breakdown, most of our institutional investors are based in the UK&Ireland and North America. Top 20 of our country ownership included United States, United Kingdom, United Arab Emirates, Singapore, Lebanon, Netherlands, Denmark, Switzerland and Canada.