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Statpro
Statpro
Stock Quote (15 min delay)
| 0p | 0 | Vol: 0 |
Market Cap £ 0.00 m
27 | 05 | 2009
Sale of Sibir Shares to JSC Gazprom Neft
The Board of Sibir announced on 22 May 2009 that arrangements were in place which would allow 10,559,704 existing issued ordinary shares of 10p each in the capital of Sibir (the "Share(s)") to be sold and the proceeds received by the Company applied in reduction of the debts owed by Mr Chalva Tchigirinski to Sibir. It was also announced that the Shares would be offered for sale to JSC Gazprom Neft at £5.00 per Share. The Board is pleased to announce that the offer was accepted and that the Shares have now been sold to JSC Gazprom Neft for a total consideration of £52,589,197.08 net of costs. Following settlement, which is anticipated to take place on Thursday 28 May 2009, the net proceeds will be applied in reduction of Mr Tchigirinski's debts to the Company.