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Zhaikmunai Board Approves a GDR Buy-Back Programme

Feb 11 2013 12:00AM

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ISLE OF MAN, UNITED KINGDOM -- (Marketwire) -- 02/11/13 --




Zhaikmunai Board Approves a GDR Buy-Back ProgrammeAmsterdam, 11 February 2013. Zhaikmunai L.P. ("Zhaikmunai" orthe"Partnership") is pleased to announce that the Board of Directors ofits general partner, Zhaikmunai Group Limited, has considered a GDRbuy-back programme and submitted the following suggestions to thelimited partners of the Partnership for their approval by specialresolution:(1) a proposal that the Partnership be granted a general authorizationto purchase Zhaikmunai Global Depositary Receipts (GDRs) listed on theLondon Stock Exchange and Zhaikmunai partnership interests, and(2) certain amendments to Zhaikmunai's limited partnership agreement bemade to allow for the initiation of such a GDR buy-back programme.The Board intends to distribute to Zhaikmunai's limited partners anotice and a circular convening a general meeting of limited partnerson Thursday, 28 March 2013 in Amsterdam to consider and vote upon thematters mentioned above.Further informationFor further information please visit www.zhaikmunai.comFurther enquiriesZhaikmunai LP - Investor RelationsBruno G. MeereKirsty Hamilton-Smithinvestor_relations@zhaikmunai.com + 44 (0) 1624 68 21 79Pelham Bell PottingerPhilip DennisElena Dobson + 44 (0) 207 861 32 32About ZhaikmunaiZhaikmunai is an independent oil and gas enterprise currently engagingin the exploration and development and production of oil and gas. It islisted on the London Stock Exchange (Ticker symbol: ZKM). Its principalproducing asset is the Chinarevskoye Field located in northwesternKazakhstan. Zhaikmunai L.L.P., a wholly-owned subsidiary of ZhaikmunaiL.P., holds a 100% interest in and is the operator of the ProductionSharing Agreement for the Chinarevskoye Field.Forward-Looking StatementsSome of the statements in this document are forward-looking.Forward-looking statements include statements regarding the intent,belief and current expectations of the Partnership or its officers withrespect to various matters. When used in this document, thewords"expects,""believes,""anticipates,""plans,""may,""will,""should"and similar expressions, and the negatives thereof, are intended toidentify forward-looking statements. Such statements are not promisesor guarantees, and are subject to risks and uncertainties that couldcause actual outcomes to differ materially from those suggested by anysuch statements. This information is provided by RNS The company news service from the London Stock ExchangeEND





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Source: Marketwire