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A regulated share purchase in OCI is now on the public record after NNS Holding (Cyprus) Limited filed a mandatory notice under Dutch securities law.
A public takeover bid, the legal mechanism at work here, is a formal offer to buy shares from all existing holders of a listed company, typically at a declared price.
NNS, identified in the filing as the Offeror, issued the notice under Section 5, paragraph 4 of the Netherlands Decree on Public Takeover Bids, the Besluit openbare biedingen Wft.
What the disclosure rule compels Section 5, paragraph 4 of the Decree requires an offeror to publish notices as a bid progresses.
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