Ad hoc-disclosure pursuant to sec. 15 German Securities Trading Act (Wertpapierhandelsgesetz, WpHG); Resignation of Anna Brinkmann and Termination of Management Board Employment Contracts by Manfred Kastner, Ronald Harder and Leonid Mirzoyan
Anna Brinkmann, member of the management board and Chief Operating Officer of C.A.T. oil AG (O2C, ISIN: AT0000A00Y78; “the Company”), has, in agreement with the supervisory board, resigned from the Company’s management board with immediate effect. She has decided to take this step in order to be able to exercise her rights as significant shareholder without concern for any potential conflict of interest with regard to the mandatory offer for C.A.T. oil AG shares published by Joma Industrial Source Corp. (“Joma“) on 11 December 2014.
Moreover, the management board members Manfred Kastner (Chief Executive Officer), Ronald Harder (Chief Financial Officer) and Leonid Mirzoyan (Chief Corporate Finance Officer) have, with acceptance by the supervisory board, today terminated their management board employment contracts with effect from 31 March 2015 by exercising their change-of-control termination rights. Background of this decision is the acquisition of control by Joma published on 31 October 2014 upon which the mandatory offer, which was published on 11 December 2014, is based on. Manfred Kastner, Ronald Harder and Leonid Mirzoyan will perform their services and responsibilities to the full benefit of the Company as well as its shareholders, customers and employees until 31 March 2015.
The Supervisory Board will take necessary steps to secure the proper continuity of the Company’s operations beyond 31 March 2015.
C.A.T. oil AG Kaerntner Ring 11-13 A-1010 Vienna Austria
Ticker symbol: O2C ISIN: AT0000A00Y78 Common Code: 025162498 Listing: Official Market / Prime Standard, Frankfurt Stock Exchange www.catoilag.com
Contact
FTI Consulting Carolin Amann, +49 (0)69 92037-132 carolin.amann@fticonsulting.com Steffi Susan Kim, +49 (0)69 92037-115 steffi.kim@fticonsulting.com
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Ad hoc-disclosure pursuant to sec. 15 German Securities Trading Act (Wertpapierhandelsgesetz, WpHG); Resignation of Anna Brinkmann and Termination of Management Board Employment Contracts by Manfred Kastner, Ronald Harder and Leonid Mirzoyan
