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Market Cap £ 0.00 m
08 | 06 | 2009
Posting of Letter to Certain Overseas Shareholders
Sibir announces that today it will post a letter to overseas shareholders in certain overseas jurisdictions informing them that it may be possible for them to sell their Sibir ordinary shares of 10p each (“Sibir Shares”) to the Company’s broker, J.P. Morgan Cazenove Limited (”JPMC”), at 500 pence per Sibir Share, which would then be tendered to Renaissance Securities (Cyprus) Limited for the purposes of therecommended cash offer (the “Offer”) by Renaissance Securities (Cyprus) Limited on behalf of JSC Gazprom Neft of 500 pence for certain Sibir Shares.
JPMC is providing assistance solely to facilitate an exit for certain shareholders, from their investment in Sibir (in whole or in part) should they so wish, who did not receive the Offer on account of their holding Sibir Shares in jurisdictions other than the United Kingdom. No fee or commission would be charged by JPMC in the event of any transaction. Any decision to sell Sibir Shares to JPMC would be entirely that of the Sibir Shareholder and JPMC reserves the right in its absolute discretion to refuse to purchase Sibir Shares.
The letter will be sent to addresses in the following jurisdictions:
Belgium
China
Germany
Guernsey
Hong Kong
Isle of Man
Japan
Jersey
Republic of Ireland
Russia
United Arab Emirates
The Company is investigating whether a similar letter can be posted to addresses in other jurisdictions and further announcements will be made in due course if and when appropriate.