print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Sitronics press releases

Sitronics

August 23, 2012

RTI consolidates 100% of SITRONICS' shares under the squeeze-out procedure

MOSCOW, Russia– August 23, 2012 – JSC SITRONICS (“SITRONICS” or “the Company”) (LSE: SITR), the leading provider of telecommunications, information technology and microelectronic solutions in Russia and the CIS, announces that, as a result of squeeze-out procedure, OJSC RTI (“RTI”) completed and fully paid for the acquisition of 49,139,078 of SITRONICS' ordinary shares, including shares underlying the Company’s Depositary Receipts, comprising approximately 0.52% of SITRONICS' share capital. Following the acquisition of 99.48% of SITRONICS’ share capital pursuant to its Voluntary Tender Offer, RTI launched the statutory squeeze-out procedure under Russian law to acquire the remaining 0.52% of the Company's ordinary shares from minority shareholders on June 26, 2012.

This brings RTI’s total ownership stake in SITRONICS to 100% of SITRONICS’ share capital.

As was previously announced, it is anticipated that delisting of SITRONICS from London Stock Exchange as well as the termination of its Depositary Receipt programs and Deposit Agreements will take place later today.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer