Oil & Gas Invest AG
The Commission de Surveillance du Secteur Financier (CSSF) warns the public in relation to false and misleading information published in relation to an offer to the public of securities made by a company named Oil & Gas Invest AG, located at Walter-Kolb-Strasse 9-11, D-60594 Frankfurt am Main.
According to the information available to the CSSF, publications made on the websites www.sachsen-depesche.de and www.hessen-depesche.de claim that certain securities offered by Oil & Gas Invest AG have been authorised or approved by the CSSF, the German competent authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and the Austrian competent authority Finanzmarktaufsicht (FMA) and that Oil & Gas Invest AG has achieved the entry on the regulated capital market.
The CSSF informs the public that said securities have not been authorised or approved by the CSSF, the BaFin or the FMA. On 29 January 2016, the CSSF has merely approved a prospectus relating to Oil & Gas Invest AG (the “Prospectus”), which provides for securities to be offered to the public in Luxembourg, Austria and Germany during an offer period lasting from 3 February 2016 to 26 January 2017. The Prospectus does not provide for an admission of securities to trading on a regulated market.
The above-mentioned publications also refer to the compliance of Oil & Gas Invest AG with international financing standards and high requirements of financial market supervision and other authorities and of its securities with the requirements of an unspecified directive of the European Securities and Markets Authority (ESMA) and a so called “CPR-directive (Competent Person’s Report)”.
In this respect, the CSSF informs the public, that the review of the Prospectus only concerned the disclosure requirements under the laws and regulations relating to prospectuses. The approval of the Prospectus was solely granted by virtue of the Luxembourg law of 10 July 2005 on prospectuses for securities. By approving the Prospectus, the CSSF did not give any opinion as to the economical and financial soundness of the operation or the quality or solvency of Oil & Gas Invest AG.
In this context, the CSSF furthermore informs the public that Oil & Gas Invest AG is not and has not been subject to an examination, an authorisation or a prudential supervision of the CSSF, the BaFin or the FMA.
Finally, the CSSF informs the public that further erroneous information is contained in the above-mentioned publications in relation to the beginning of the offer period and the calculation of interest.
Luxembourg, 25 February 2016