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 Rosneft Oil Company press releases

Rosneft Oil Company

November 15, 2013

RN Holding Board of Directors recommends shareholders to accept Rosneft Voluntary Offer to acquire RN Holding Shares

Moscow, Russia - RN Holding (hereinafter – the Company) announces that the Company’s Board of Directors decided on November 14, 2013 to recommend the Company’s shareholders to accept the voluntary offer of Rosneft as of October 18, 2013 to acquire ordinary and preferred shares of the Company (hereinafter – the Voluntary Offer).

The Company received the Voluntary Offer from Rosneft on November 06, 2013 after the expiry of the statutory period for considering of the Voluntary Offer by the Service for Financial Markets of the Bank of Russia.

Under the Voluntary Offer, Rosneft plans to buy out 1,918,701,184 ordinary and 450,000,000 preferred shares of the Company.

Under the Voluntary Offer, price of RN Holding equity acquisition is set at RUR 67 per 1 (one) ordinary share and RUR 55 per 1(one) preferred share.

The Voluntary Offer shall be accepted within 75 days from the date it is received by the Company (by January 20, 2014).

Documents regarding the Voluntary Offer together with the recommendation of the Company’s Board of Directors will be submitted to the Company’s shareholders listed in the register of shareholders of the Company as of November 06, 2013 not later than November 21, 2013.

Shareholders can accept the Voluntary Offer by informing Rosneft on share sale by post: POB 38, Moscow, 111033, Russian Federation, Rosneft; or in person at application centers; applications will be accepted in more than 60 Russian regions.

Payment for the shares to the bank accounts specified by the sellers in their share sale applications will be effected in cash within 15 calendar days after the shares are transferred to Rosneft’s business or depositary account.

Documents regarding the Voluntary Offer (including the recommendation of the Board of Directors) are available on websites: www.rnholding.org, www.rosneft.ru.

 

 

 

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