LLC O2TV made an offer to acquire a 7.14% equity stake in OAO O2TV (MICEX:ODVA) for RUB 37 million on April 2, 2012. O2TV LLC will pay RUB 3.7 per share as consideration and acquire a maximum of 10 million shares. Only securities of shareholders that own at least 0.1 million shares in OAO O2TV as of the end of the business day on April 6, 2012 will be acquired. Finam Investment Company will act as an intermediary in the transaction. The shareholders can file an application for selling their shares from April 9, 2012 to April 28, 2012. The transaction is expected to be completed by May 23, 2012. On April 5, 2012, LLC O2TV modified certain conditions of the acquisition whereby, shareholders that own at least 0.1 million shares in OAO O2TV as of the end of the business day on April 11, 2012 could apply to sell their shares in the deal. Also as per the modified conditions, the offer will open on April 12, 2012 and close on May 11, 2012, while the transaction is expected to be completed on May 24, 2012. LLC O2TV completed the acquisition of a 7.14% equity stake in OAO O2TV (MICEX:ODVA) on May 29, 2012. The buyback ratio amounted to 17%. O2TV LLC may use the shares acquired in deals involving the purchase of new assets.