Regulatory Alerts2024-04-01 | 17/8Added · Updated
Approval of the Prospectus for the Voluntary Takeover Offer of Shares Issued by „SUCEAVA” Joint Stock Company
The National Commission of the Financial Market (CNPF) issued Decision No. 17/8 on April 1, 2024, approving the prospectus for a voluntary takeover offer initiated by Veaceslav Cornea to acquire 7,773 registered ordinary shares of „SUCEAVA” Joint Stock Company at 12.47 lei per share over a 15-day period. The decision mandates the publication of the approved prospectus in the Official Monitor and on the CNPF website, establishes a 30-day appeal window for interested parties, and takes effect immediately upon adoption. It legally validates the offer's terms, pricing, duration, and procedural compliance under Moldova’s capital market legislation.
REPUBLIC OF MOLDOVA
NATIONAL COMMISSION OF THE FINANCIAL MARKET
DECISION
April 1, 2024
No. 17/8
On the Approval of the Prospectus for the Voluntary Takeover Offer of Shares Issued by „SUCEAVA” Joint Stock Company
Following the examination of the application submitted by the offeror Veaceslav Cornea (registered with the National Commission of the Financial Market (CNPF) under No. 8353 on December 8, 2023) regarding the approval of the prospectus for the voluntary takeover offer of shares issued by „SUCEAVA” Joint Stock Company, as well as the accompanying documents, presented in full on March 26, 2024,
pursuant to Article 8 para. k), Article 20 para. (1) and Article 22 para. (3) of Law No. 192/1998 on the National Commission of the Financial Market, Article 20 para. (1) lit. a) and Article 24 para. (4) of Law No. 171/2012 on the capital market, the Regulation on Public Purchase Offers (CNPF Decision No. 33/1/2015), item 16, item 19 and item 21 of the Regulation on the Organization and Operation of the National Commission of the Financial Market (CNPF Decision No. 57/11/2022),
The National Commission of the Financial Market DECIDES:
- The prospectus for the voluntary takeover offer initiated by the offeror Veaceslav Cornea is approved, the subject of which is the acquisition of 7,773 registered ordinary shares issued by „SUCEAVA” Joint Stock Company (IDNO 1003600073196, MD-2050, Chișinău city, Suceava str. 110), at the price of 12.47 lei per share, with a duration of 15 days from the initiation date.
- This Decision may be appealed by submitting a prior request to the CNPF (MD-2012, Chișinău city, Ștefan cel Mare și Sfânt blvd. No. 77), within 30 days from the date of notification.
- This Decision enters into force on the adoption date, is communicated to the addressee in accordance with legislation, and is published in the Official Monitor of the Republic of Moldova and on the official website of CNPF (www.cnpf.md).
Dumitru BUDIANSCHI,
PRESIDENT
Ștefan cel Mare și Sfânt blvd. No. 77, Chișinău city, MD 2012, tel: (373 22) 859 401, www.cnpf.md, e-mail: office@cnpf.md