C.A.T. oil AG

EANS-News: C.A.T. oil AG
C.A.T. oil AG comments on announced mandatory public takeover offer by Joma Industrial Source Corp.

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Mergers - Acquisitions - Takeovers

31 October 2014. The Management Board of C.A.T. oil AG (O2C, ISIN: AT0000A00Y78;
"the Company"),one of the leading providers of oil and gas field services in
Russia and Kazakhstan, takes note of the announcement of a mandatory public
takeover offer by Joma Industrial Source Corp, ("Joma Industrial"), a company
affiliated with Mr. Maurice Dijols and domiciled in the British Virgin Islands.
The Management Board of the Company has not been approached by the Bidder and
the decision to launch a takeover offer is unsolicited.

The Management Board of C.A.T. oil AG will evaluate the offer with the support
of its advisors.

The Management Board of C.A.T. oil AG was notified on October 29, 2014 about a
presumed shareholder change at the level of its major shareholder CAT. Holding
(Cyprus) Limited. Joma Industrial Source Corp, ("Joma Industrial"), a company
affiliated with Mr. Maurice Dijols and domiciled in the British Virgin Islands,
has notified the Company that it has indirectly acquired 50.25% of the shares in
CAT. Holding from Skible Holding, a company controlled by Dr. Walter Höft, on
October 27, 2014. CAT. Holding is the major shareholder of C.A.T. oil AG holding
approximately 47.7% of the shares in the Company. Joma Industrial announced
today that it controls 47.71% of the voting rights in C.A.T. oil AG.

On October 29, 2014 C.A.T. oil AG also received a notification pursuant to
section 91 BörseG by Dr. Walter Höft stating that Joma Industrial has claimed
the acquisition of his indirect stake in CAT. Holding.

The remaining 49.75% stake in CAT. Holding continues to be owned by Ms. Anna
Brinkmann, Chief Operating Officer and Member of the Board of C.A.T. oil AG.
C.A.T. oil AG is incorporated in Austria and listed on the Frankfurt Stock
Exchange. The Management Board will make every effort to ensure full compliance
with all applicable rules and full transparency to all shareholders. C.A.T. oil
also expects information about the plans of Joma Industrial with respect to
strategy, management composition and financing, as it is best capital markets
practice and outlined in sec 27a German WpHG for other companies listed in
Germany.


Media 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
 
 
About C.A.T. oil AG 

C.A.T. oil AG is one of the leading independent oil and gas field service
contractors in Russia and Kazakhstan and is listed on the Frankfurt Stock
Exchange (SDAX). C.A.T. oil provides a range of high quality services, which
enable oil and gas producers to extend lifecycle of their fields or bring yet
unexploited oil and gas reserves to production.

Since its foundation in 1991 in Celle, Germany, C.A.T. oil has built up a
leading hydraulic fracturing service, a very effective method of well
stimulation by cracking rock formations with pressurized fluids, in Russia and
Kazakhstan. Following its IPO in 2006, the Company developed a second core
service of sidetrack drilling in 2006-08 and has established a strong presence
in Russia's sidetrack drilling market. Sidetrack drilling is a term used to
describe drilling of a new wellbore from the upper section of an existing well.
In 2011-12, the Company launched the next phase of its growth and
diversification strategy and set up high class drilling operations as a third
core service offering. High class drilling is the classical technology of
drilling vertical, inclined and horizontal wells for extraction of oil and gas.
In total, the Company has already invested more than EUR 450 million in growth
and diversification since its IPO in 2006.

Following the successful set up of high class drilling in 2011-12, C.A.T. oil
introduced its new segment reporting in 2013 clustering its activities in "Well
Services" (fracturing, cementing and completion operations) and "Drilling,
Sidetracking and IPM (Integrated Project Management)".

C.A.T. oil's customer base includes the leading Russian and Kazakh oil and gas
producers such as Rosneft, Lukoil, Gazprom Neft, Tomskneft VNK, Slavneft,
Russneft and KazMunaiGaz. The Company has long-standing relationships with these
customers and has been a reliable service provider since its market entrance in
the early nineties.

C.A.T. oil has its headquarters in Vienna. The Company's H1 2014 weighted
average headcount stood at 2,873 people, most of which are based in Russia and
Kazakhstan.

www.catoilag.com

Further inquiry note:
Carolin Amann Tel: +49(0)69-92037-132 Email: carolin.amann@fticonsulting.com
Steffi Fahjen Tel: +49(0)69-92037-115 Email: steffi.fahjen@fticonsulting.com

end of announcement                               euro adhoc 
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company:     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
 

Original-Content von: C.A.T. oil AG, übermittelt durch news aktuell

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