Result of mandatory offer underlines clear majority ownership of C.A.T. oil

Vienna, Frankfurt/Main (OTS) -

  • 19.2 million shares to be transferred - Joma owner Maurice Dijols controls 87,07 % of the company
  • Transactions to be settled in upcoming days
  • Swift steps towards realignment of the management and development of the company

Vienna, Frankfurt/Main, January 13, 2015.

After expiry of the acceptance period of the mandatory offer for C.A.T. oil shares, Joma Industrial Source Corp. has published the final results. Until January 8, 2015 midnight, a total of 19,228,711 million shares of the Vienna based oil drilling service provider, listed at the Frankfurt stock exchange, have been tendered by shareholders. Together with the shares previously acquired, Joma owner Maurice Dijols now directly and indirectly controls a total of 87,07 % of C.A.T. oil.

"The result of the mandatory offer underlines the new, clear and transparent ownership of C.A.T. oil. This provides a solid base for jointly developing the company and seeking new perspectives together with the other shareholders in the free float.", long-time senior manager and oil expert Dijols said after completion of the mandatory offer.

The settlement of the offer and payment of the offer price will be executed in the coming days, presumably until 20 January 2015.

"Open a new, successful chapter"

The closing of the mandatory procedure also paves the way for next steps regarding the development and future positioning of the company. The majority owner therefore plans to consult with the bodies of the company in the very near future, in order to inter alia discuss questions at issue concerning the management after the resignation of the former board members and the current market situation in the best interest of employees, customers and shareholders. "We can set about to open a new, successful chapter for C.A.T. oil.", Dijols closed confidently.

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Bernhard Grabmayr
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