Combine Factory Rostselmash Ltd. announces that it has purchased additional common shares of Buhler Industries Inc. The Purchaser acquired an aggregate of 4,083,886 Buhler Industries Shares at a price of $3.00 per Buhler Industries Share for an aggregate purchase price of $12,251,658. The Purchaser acquired the Buhler Industries Shares pursuant to a private agreement between the Purchaser and Highland Park Financial Inc. HPF is beneficially owned and controlled by John Buhler. John Buhler is a director of Buhler Industries and is the past Chairman and CEO of that company.
The Purchaser is a corporation duly incorporated under the laws of the Country of Russia which prior to completion of the Acquisition held 20,100,700 Buhler Industries Shares representing approximately 80.4% of the total issued and outstanding Buhler Industries Shares. Following the completion of the Acquisition, the Purchaser now holds 24,184,586 Buhler Industries Shares representing approximately 96.7% of the total issued and outstanding Buhler Industries Shares. The purpose of the Acquisition was for investment purposes. The Purchase (or the directors and officers of Buhler Industries who are also directors, officers and shareholders of the Purchaser) may acquire, directly or indirectly, additional securities of Buhler Industries from time to time depending on market conditions.