Regulatory Alerts2024-06-04 | 27/4Added · Updated
On the Approval of the Prospectus for the Voluntary Offer of Shares Issued by SET-SERVICE Joint Stock Company
The National Commission of the Financial Market (CNPF) issued Decision No. 27/4 on June 4, 2024 to approve the prospectus for Alexei Cașciuc’s voluntary offer to acquire 8,420 ordinary registered shares of SET-SERVICE Joint Stock Company at 21.30 lei per share over a 15-day period. The ruling requires the official publication of the prospectus in Moldova’s Official Monitor and on the CNPF website, while granting a 30-day window for stakeholders to file direct appeals. By satisfying the applicable capital market laws and organizational regulations, the decision legally validates the offer’s terms and triggers its immediate effectiveness upon adoption.
REPUBLIC OF MOLDOVA
NATIONAL COMMISSION OF THE FINANCIAL MARKET
DECISION
June 4, 2024
No. 27/4
On the Approval of the Prospectus for the Voluntary Offer of Shares Issued by SET-SERVICE Joint Stock Company
Following the examination of the application submitted by the offeror Alexei Cașciuc (registered with the National Commission of the Financial Market (CNPF) under No. 3473 on May 8, 2024) regarding the approval of the prospectus for the voluntary offer of shares issued by SET-SERVICE Joint Stock Company, as well as the accompanying documents, presented in full volume on May 24, 2024,
pursuant to Article 8 letter k), Article 20 paragraph (1) and Article 22 paragraph (3) of Law No. 192/1998 on the National Commission of the Financial Market, Article 20 paragraph (1) letter a) and Article 24 paragraph (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 Functioning 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 offer initiated by offeror Cașciuc Alexei is approved, the subject of which consists in the acquisition of 8,420 ordinary registered shares issued by SET-SERVICE Joint Stock Company (IDNO 1003600095549, MD-2042, Chisinau city, Ginta Latină Street 13/1), at the price of 21.30 lei per share, with a duration of 15 days from the date of initiation.
- This Decision may be appealed by submitting a prior request to the CNPF (MD-2012, Chisinau city, Ștefan cel Mare and Saint Boulevard No. 77), within 30 days from the date of notification.
- This Decision enters into force on the date of adoption, is communicated to the recipient in accordance with legislation, and is published in the Official Monitor of the Republic of Moldova and on the official website of the CNPF (www.cnpf.md).
D. Budianschi
Dumitru BUDIANSCHI,
PRESIDENT
Ștefan cel Mare and Saint Boulevard No. 77, Chisinau city, MD 2012, tel: (373 22) 859 401, www.cnpf.md, e-mail: office@cnpf.md