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Provider: Investcafe
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Provider: Investcafe
$23.00
Provider: Investcafe
$23.00

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NK Rosneft' OAO's Board of Directors Rules to Purchase RN Holding OAO's Shares


Sunday, 29 Sep 2013 08:00pm EDT 

NK Rosneft' OAO (Rosneft) announced that the Board of Directors of Rosneft made a resolution to purchase ordinary and preferred shares of RN Holding OAO (formerly ОАО TNK-BP Holding) based on a voluntary offer to acquire shares under the applicable laws on joint stock companies. The Board of Directors resolved to establish the voluntary acquisition price based on the calculation of weighted average share price, derived from the outcome of the 18-month organized trade period preceding September 26, 2013, and the independent assessment of the shares market value at RUB 67 per one ordinary and RUB 55 per one preferred share of RN Holding OAO. The Management Board of Rosneft has been instructed to prepare and present to the Board of Directors before October 15, 2013 the documents required for the voluntary offer to be made to the owners of RN Holding OAO shares. 

Company Quote

235.2
3.01 +1.30%
5:08am EDT