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C.A.T. oil AG / C.A.T. oil AG comments on announced mandatory public takeover offer by Joma Industrial Source Corp
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Mergers - Acquisitions - Takeovers
31 October 2014. The Management Board of C.A.T. oil AG (O2C, ISIN:
AT0000A00Y78; "the Company"),one of the leading providers of oil and
gas field services in Russia and Kazakhstan, takes note of the
announcement of a mandatory public takeover offer by Joma Industrial
Source Corp, ("Joma Industrial"), a company affiliated with Mr.
Maurice Dijols and domiciled in the British Virgin Islands. The
Management Board of the Company has not been approached by the Bidder
and the decision to launch a takeover offer is unsolicited.
The Management Board of C.A.T. oil AG will evaluate the offer with
the support of its advisors.
The Management Board of C.A.T. oil AG was notified on October 29,
2014 about a presumed shareholder change at the level of its major
shareholder CAT. Holding (Cyprus) Limited. Joma Industrial Source
Corp, ("Joma Industrial"), a company affiliated with Mr. Maurice
Dijols and domiciled in the British Virgin Islands, has notified the
Company that it has indirectly acquired 50.25% of the shares in CAT.
Holding from Skible Holding, a company controlled by Dr. Walter Höft,
on October 27, 2014. CAT. Holding is the major shareholder of C.A.T.
oil AG holding approximately 47.7% of the shares in the Company. Joma
Industrial announced today that it controls 47.71% of the voting
rights in C.A.T. oil AG.
On October 29, 2014 C.A.T. oil AG also received a notification
pursuant to section 91 BörseG by Dr. Walter Höft stating that Joma
Industrial has claimed the acquisition of his indirect stake in CAT.
Holding.
The remaining 49.75% stake in CAT. Holding continues to be owned by
Ms. Anna Brinkmann, Chief Operating Officer and Member of the Board
of C.A.T. oil AG. C.A.T. oil AG is incorporated in Austria and listed
on the Frankfurt Stock Exchange. The Management Board will make every
effort to ensure full compliance with all applicable rules and full
transparency to all shareholders. C.A.T. oil also expects information
about the plans of Joma Industrial with respect to strategy,
management composition and financing, as it is best capital markets
practice and outlined in sec 27a German WpHG for other companies
listed in Germany.
Media contact:
FTI Consulting
Carolin Amann
Phone: +49 (0)69 92037-132
Email: carolin.amann@fticonsulting.com
Steffi Susan Kim
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