OREANDA-NEWS. Otkritie Financial Corporation announces that, pursuant to Russian corporate law requirements, it has filed with the Central Bank of the Russian Federation documents regarding its mandatory offer to purchase NOMOS-BANK shares. Otkritie has been obliged to make this offer since it consolidated a controlling stake (51%) in NOMOS-BANK at the end of September.

The purchase price is based on the weighted average share price on the Moscow Exchange for the last 6 months and amounts to RUB850 per share.

Further on, Otkritie plans to increase its shareholding in NOMOS-BANK to 75% minus one share, subject to respective approvals from regulators. The other shares, including those to be issued additionally (except for the shares to be purchased by Otkritie), will remain in free float.

FYI: The voluntary offer price for NOMOS-BANK GDRs set by NomGDR Limited in February 2013 is USD 14 per GDR. In rubles, the voluntary offer price amounts to RUB841.39 per ordinary share (based on the CBR exchange rate as of the settlement date).