NNS Holding acquires OCI shares under Dutch public takeover rules
AMSTERDAM, July 18. NNS Holding (Cyprus) Limited acquired shares in OCI, disclosing the transaction under Section 5, paragraph 4 of the Netherlands Decree on Public Takeover Bids. The press release names NNS as the offeror and was issued pursuant to the Besluit openbare biedingen Wft, the Dutch statute governing public acquisition bids.
Key takeaways
- NNS Holding (Cyprus) Limited acquired shares in OCI and disclosed the transaction under Section 5, paragraph 4 of the Netherlands Decree on Public Takeover Bids.
- The disclosure was made pursuant to the Besluit openbare biedingen Wft, the Dutch statute governing public acquisition bids, with NNS filing in its capacity as offeror.
- OCI is the target of the transaction and NNS Holding (Cyprus) Limited is the acquirer.
- The filing disclosed no share count, acquisition price, or resulting ownership percentage in OCI.
- The press release was issued from Amsterdam on July 18 and named NNS as the offeror.
AMSTERDAM, July 18. NNS Holding (Cyprus) Limited acquired shares in OCI, disclosing the transaction under Section 5, paragraph 4 of the Netherlands Decree on Public Takeover Bids. The press release names NNS as the offeror and was issued pursuant to the Besluit openbare biedingen Wft, the Dutch statute governing public acquisition bids.
Regulatory filing
The Besluit openbare biedingen Wft sets out disclosure obligations for parties to a public takeover. Section 5, paragraph 4 covers share transaction reporting during a bid period. NNS, incorporated in Cyprus, filed the release in its capacity as offeror. The filing disclosed no share count, acquisition price, or resulting ownership percentage in OCI.
Named parties
NNS Holding (Cyprus) Limited is the acquirer. OCI is the target. The press release disclosed no further terms of the transaction.