Moldova's National Commission for Financial Markets (CNPF) adopted a set of capital market authorisation and supervisory decisions, registering share capital restructurings and increases for three issuers and requiring a group of SA ASPA shareholders to make a mandatory takeover offer after the regulator found they were acting in concert. CNPF registered (i) SA APA-CANAL LEOVA’s increase in share nominal value from MDL 10 to MDL 250 and a MDL 580,800 capital increase to MDL 605,000 (2,420 ordinary registered shares), (ii) the results of SA CARINA’s additional cash share issue of MDL 599,000 (59,900 ordinary registered shares), bringing capital to MDL 600,000 (60,000 class I ordinary registered shares), and (iii) SA TRIMEXPO’s increase in share nominal value from MDL 50 to MDL 117 and a MDL 346,256 capital increase to MDL 604,656 (5,168 ordinary registered shares). In supervision, SRL ELVELENIX-COM, SRL PRIMELENIX-COM and SRL VICTOR&BROS were found to hold 57.15% of SA ASPA (890,578 shares) as concerted shareholders and were ordered to launch a mandatory takeover offer within three months, with voting rights capped at 25% of voting shares in circulation until the offer is made under Law No. 1134/1997. The board also approved inspection findings on registrar Intermedia-Group SA for 1 November 2021 to 1 November 2024, issuing a warning and ordering remediation of customer and beneficial-owner identification measures and gaps in its internal AML/CFT programme, rejected OCN FLEX FINANCIAL SRL’s request to suspend execution of a prior CNPF decision, and approved the signing of cooperation agreements with the National Bank of Moldova on information exchange and resolution tools and with Moldova’s European Consumer Centre on consumer protection. CNPF also reminded SA CARINA shareholders that the registered issuances exceed 25% of shares in circulation, giving shareholders a legal right to request the company to purchase their shares.
National Commission for Financial Markets 2025-02-20
Moldova's National Commission for Financial Markets registers issuer capital changes and orders a mandatory takeover offer for SA ASPA
Moldova's National Commission for Financial Markets (CNPF) adopted decisions on capital market authorisation and supervision, including share capital restructurings for three issuers and a mandatory takeover offer by SA ASPA shareholders. CNPF registered capital increases for SA APA-CANAL LEOVA, SA CARINA, and SA TRIMEXPO, and ordered SRL ELVELENIX-COM to launch a takeover offer for SA ASPA. Additionally, CNPF warned Intermedia-Group SA for AML/CFT deficiencies and approved cooperation agreements with the National Bank of Moldova and the European Consumer Centre.