JSC Open Investments
JSC Open Investments: The Board of JSC OPIN recommends to accept mandatory tender offer from ONEXIM HOLDINGS LIMITED to purchase the Company stock
JSC Open Investments / Key word(s): Offer/Offer THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA JSC OPIN THE BOARD OF DIRECTORS RECOMMENDS TO ACCEPT Joint Stock Company ‘Open Investments’ (JSC ‘OPIN’ or the ‘Company’) (BLOOMBERG: MICEX – OPIN.RM), one of the leading real estate developers in Russia, today announces the decision of the Board of Directors to recommend the acceptance of the mandatory tender offer from ONEXIM HOLDINGS LIMITED as of 02.03.2012 to purchase 2,561,569 ordinary shares or 16.8% of the OPIN total stock. The Boad of Directors finds the announced price of the offer of 534 rubles 96 copecks per share to be justified and corresponding to the weighted average price for the last six months of trade on the open market prior to filing the mandatory offer by ONEXIM HOLDINGS LIMITED with the Federal Markets Authority of Russia on 02.03.2012. Shareholders willing to sell their shares on the basis of the mandatory tender offer must submit their applications to CJSC ‘Computershare Registrar’. The application form, terms, instructions and the content of the mandatory tender offer are available on the corporate web-site at www.opin.ru in ‘Investor relations’ section’ under sub-section ‘Information for Shareholders’. – ends – Investors: Media: About OPIN Established in 2002, JSC OPIN is one of the leading real estate development companies operating in Russia. OPIN is focused on the development of master-planned multi-format residential communities and the operation of high-quality commercial properties in Moscow and the Moscow Region. Having completed nearly 200,000 sq. m of commercial space and 500 ha of developed master-planned communities, today OPIN is a well-recognised brand in the domestic market, known for the market-leading quality of the projects it delivers. Through its property expertise and successful track record, the Company’s strategic goal is to become a platform for the consolidation of assets in the real estate industry in Russia. The Company’s majority shareholder is ONEXIM Holdings Ltd, a major private investment group in the CIS region with a diversified portfolio of assets in mining, real estate, financial services, media, energy production and high-tech. In November 2004 OPIN was successfully admitted to the RTS stock exchange and since then has carried out six secondary public offerings, raising nearly US$2 billion. Further details can be found on the OPIN website at www.opin.ru End of Corporate News 21.03.2012 Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. EquityStory.RS, LLC’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | JSC Open Investments | |
Tverskoy blvr, 13/1 | ||
123104 Moscow | ||
Russia | ||
Phone: | + 7 495 363 22 11 | |
E-mail: | info@opin.ru | |
Internet: | www.opin.ru | |
ISIN: | RU000A0DJ9B4 | |
End of News | EquityStory.RS, LLC News-Service |
161486 21.03.2012 |