OREANDA-NEWS. October 06, 2015. Financial and Capital Market Commission (FCMC) has accepted for further processing application for AS Ventspils nafta mandatory takeover bid by EUROMIN HOLDINGS (CYPRUS) LIMITED according to the Law on the Financial Instruments Market, Article 70.

Information about the takeover bid:

1. Information about the Offerer and its relationship with AS "Ventspils nafta": EUROMIN HOLDINGS (CYPRUS) LIMITED (Offerer), registration number HE 69529, registration date 13.03.1995, legal address 58 Arch Makarious III Avenue, Iris Tower, Office 602, Nicosia, Cyprus. At the time of signing prospectus of mandatory takeover bid, the Offerer owns 97 520 022 (93,34%) AS Ventspils nafta shares.

2.    Type of the share takeover bid: Mandatory takeover bid according to the Law on the Financial Instruments Market, Article 66, part (1), section 1.

3.    The price of one share in prospectus is set at: EUR 3.12

4.    Term of takeover bid: takeover bid for AS Ventspils nafta shares will last for 30 calendar days, starting on the day when EUROMIN HOLDINGS (CYPRUS) LIMITED will publish official announcement in the official journal Latvijas V?stnesis informing about the takeover bid according to the Law on the Financial Instruments Market, Article 73, part (4). The takeover bid will come in force only after the according decision is made by FCMC on allowing to announce the takeover bid.