|By Marketwire .||
|February 11, 2013 02:09 AM EST||
ISLE OF MAN, UNITED KINGDOM -- (Marketwire) -- 02/11/13 --
Zhaikmunai Board Approves a GDR Buy-Back Programme Amsterdam, 11 February 2013. Zhaikmunai L.P. ("Zhaikmunai" or the"Partnership") is pleased to announce that the Board of Directors of its general partner, Zhaikmunai Group Limited, has considered a GDR buy-back programme and submitted the following suggestions to the limited partners of the Partnership for their approval by special resolution: (1) a proposal that the Partnership be granted a general authorization to purchase Zhaikmunai Global Depositary Receipts (GDRs) listed on the London Stock Exchange and Zhaikmunai partnership interests, and (2) certain amendments to Zhaikmunai's limited partnership agreement be made to allow for the initiation of such a GDR buy-back programme. The Board intends to distribute to Zhaikmunai's limited partners a notice and a circular convening a general meeting of limited partners on Thursday, 28 March 2013 in Amsterdam to consider and vote upon the matters mentioned above. Further information For further information please visit www.zhaikmunai.com Further enquiries Zhaikmunai LP - Investor Relations Bruno G. Meere Kirsty Hamilton-Smith email@example.com + 44 (0) 1624 68 21 79 Pelham Bell Pottinger Philip Dennis Elena Dobson + 44 (0) 207 861 32 32 About Zhaikmunai Zhaikmunai is an independent oil and gas enterprise currently engaging in the exploration and development and production of oil and gas. It is listed on the London Stock Exchange (Ticker symbol: ZKM). Its principal producing asset is the Chinarevskoye Field located in northwestern Kazakhstan. Zhaikmunai L.L.P., a wholly-owned subsidiary of Zhaikmunai L.P., holds a 100% interest in and is the operator of the Production Sharing Agreement for the Chinarevskoye Field. Forward-Looking Statements Some 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 with respect to various matters. When used in this document, the words"expects,""believes,""anticipates,""plans,""may,""will,""should" and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements. This information is provided by RNS The company news service from the London Stock Exchange END
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