DGAP-News: JSC Open Investments: The Board of JSC OPIN recommends to accept mandatory tender offer from ONEXIM HOLDINGS LIMITED to purchase the Company stock
ID: 599953
Offer/Offer
JSC Open Investments: The Board of JSC OPIN recommends to accept
mandatory tender offer from ONEXIM HOLDINGS LIMITED to purchase the
Company stock
21.03.2012 / 07:02
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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
MANDATORY TENDER OFFER FROM ONEXIM HOLDINGS LIMITED TO PURCHASE THE COMPANY
STOCK
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 subsection 'Information
for Shareholders'.
Link: http://www.opin.ru/investors/shareholders/offer.html
- ends -
For further information, please contact:
Investors:
Stanislav Joukov +7 495 363 2211 ext. 2388
Media:
Anna Rogova +7 495 363 2211 ext. 2513
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
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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
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161486 21.03.2012
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Datum: 21.03.2012 - 07:02 Uhr
Sprache: Deutsch
News-ID 599953
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