EANS-Adhoc: C.A.T. oil AG C.A.T. oil AG informed about alleged incorrectness
of offer document
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Mergers - Acquisitions - Takeovers
12.12.2014
Vienna, Austria, 12 December 2014 - The management board of C.A.T. oil AG
(Company) (ISIN: AT0000A00Y78; WKN: A0JKWU) was informed by AB PCO Investment
Limited (Cyprus) (AB PCO), an investment vehicle of the member of the management
board Anna Brinkmann, on 12 December 2014 that the offer document which was
published by Joma Industrial Source Corp. (Joma or Bidder) on 11 December 2014
in conjunction with its mandatory takeover offer for all shares of the Company
is allegedly incorrect in two respects. On the one hand, according to AB PCO,
the Bidder informed AB PCO that the shares of the Company which are held by CAT.
Holding (Cyprus) Ltd. (CAT. Holding) - in contrast to the information provided
in the offer document on page 24 et seq. (English language version) - have not
been pledged. According to the Bidder's Cypriot lawyers' information this
statement was a misunderstanding ("Furthermore for the avoidance of any
misunderstanding or confusion we attach for your reference an extract [...]
which confirms that no security interest whatsoever or charge was or is created
over the shares of CAT Oil AG held by CAT Holding (Cyprus) Ltd. No share pledge
or charge of shares has been granted by [...] CAT. Holding (Cyprus) Limited
[...].").On the other hand, according to AB PCO, the Non-Tender Agreement -
mentioned on page 25 et seq. of the offer document (English language version) -
between the Bidder and CAT. Holding is null and void due to violation of
statutory law. The management board will inform the competent German Federal
Financial Supervisory Authority (BaFin) about this situation without undue delay
together with the request to further investigate the facts and to issue
appropriate orders if necessary. This Ad hoc-disclosure does not qualify as a
statement, or as part of a statement, by the management board and the
supervisory board within the meaning of sec. 27 of the German Securities
Acquisition and Takeover Act (WpÜG), which the management board and supervisory
board will publish within the statutory period.
C.A.T. oil AG
Kaerntner Ring 11-13
A-1010 Vienna
Austria
Ticker symbol: O2C
ISIN: AT0000A00Y78
Common Code: 025162498
Listing: Official Market / Prime Standard, Frankfurt Stock Exchange
www.catoilag.com
End of Ad hoc Release
Press contact:
FTI Consulting
Carolin Amann
Phone: +49 (0)69 92037-132
Email: carolin.amann@fticonsulting.com
Steffi Susan Kim
Phone: +49 (0)69 92037-115
Email: steffi.kim@fticonsulting.com
Further inquiry note:
Carolin Amann Tel: +49(0)69-92037-132 Email: carolin.amann@fticonsulting.com
Steffi Susan Kim Tel: +49(0)69-92037-115 Email: steffi.kim@fticonsulting.com
end of announcement euro adhoc
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issuer: C.A.T. oil AG
Kärntner Ring 11-13
A-1010 Wien
phone: +43(0) 1 535 23 20 - 0
FAX: +43(0) 1 535 23 20 - 20
mail: ir@catoilag.com
WWW: http://www.catoilag.com
sector: Oil & Gas - Upstream activities
ISIN: AT0000A00Y78
indexes: SDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English
