PeliFilip has provided legal advice to Digi Communications N.V. ("DIGI"), the majority shareholder of RCS & RDS SA, regarding the public offering of up to 21,744,108 shares at a bid price expected to be between RON 38 and RON 56 per share and the admission of the shares offered for trading on the Regulated Market at the Bucharest Stock Exchange, International Category. The offer consists of a tranche addressed to the public in Romania and a tranche addressed to institutional investors from the Member States of the European Economic Area and those of the United States of America in so far as they are "Qualified Institutional Buyers" under Rule 144A of the Securities Act From 1933 in the United States of America. The bid will run from April 28 to May 10, 2017, predicting that DIGI shares will be admitted to trading around May 16, 2017.
The Freshfields Bruckhaus Deringer LLP International Law Office has provided legal assistance to the issuer on the laws of the U.S., UK and the Netherlands.
The offer mediation syndicate is composed of Citigroup Global Markets Limited and Deutsche Bank AG, London Branch (as Global Global Coordinators), Raiffeisen Bank S.A., Société Générale SA / BRD - Groupe Société Générale S.A., WOOD & Company Financial Services, a.s. And BT Capital Partners S.A. (Who has the status of Principal Manager). Law Office Clifford Chance Badea has provided legal advice to intermediaries on Romanian law, while Cleary Gottlieb Steen & Hamilton LLP and Houthoff Buruma have provided legal assistance on the laws of the U.S. jurisdictions. And the UK and the Netherlands respectively.
The PeliFilip team was coordinated by Alexandru Bîrsan, Partner, and was composed of Olga Niţă, Senior Associate, Ana Andreiana, Senior Associate Associate, Roxana Diaconu, Associate and Dragoş Ungureanu, Associate.