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TAR - JSC Open Investments: JSC OPIN receives a controlling shareholder, which files a notice with regulators to perform mandatory tender offer of the company stock

Company: INGRAD Date: 2012-03-06 Language: English Register to download

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 News Details

Corporate | 6 March 2012 07:33

#   

JSC Open Investments: JSC OPIN receives a controlling shareholder, which files a notice with regulators to perform mandatory tender offer of the company stock

  

JSC Open Investments / Key word(s): Miscellaneous/Miscellaneous  

  

06.03.2012 / 07:33  

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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**

**JSC OPIN RECEIVES A CONTROLLING SHAREHOLDER,**  

**WHICH FILES A NOTICE WITH REGULATORS TO PERFORM**  

**MANDATORY TENDER OFFER OF 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 receipt of a Notice from its shareholder ONEXIM HOLDINGS LIMITED that the later increased its share ownership in the Company to 9,703,080 shares representing 63.75% of total stock from 4,584,066 shares representing 30.12% of total stock.

OPIN also received a Notice from ONEXIM GROUP LIMITED that the later became a controlling shareholder of the Company with the total share ownership of 12,659,224 shares representing 83.17% of total stock since ONEXIM GROUP LIMITED is a shareholder in ONEXIM HOLDINGS LIMITED and LEONINA INVESTMENTS LIMITED.

Due to such events and in accordance with article 84.2 of the Federal Law #208-FZ ‘On joint stock companies’ as of 26.12.1995 ONEXIM GROUP LIMITED sent a Notice to the Russian Federal Markets Authority (FSA) of a mandatory tender offer to shareholders for 2,561,569 of ordinary shares (16.8%) of OPIN. After review by FSA, a mandatory tender offer will be sent to the Company. Share price and other conditions will be published after the receipt of mandatory offer by the Company.

– 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  

  

- - -

06.03.2012 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  

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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 |

|     |
| --- |
| - - - |
| 159390  06.03.2012 |

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