News Feed Item

Tender Results - Zhaikmunai LLP's Outstanding Bond

ISLE OF MAN -- (Marketwire) -- 11/20/12 --

Zhaikmunai International B.V. Tender Offer announces Tender Results of
its Offer to Purchase any and all of Zhaikmunai LLP's outstanding
10.50% Senior Notes due 2015

Kazakhstan - November 20, 2012 - Zhaikmunai International B.V. (the
"Offeror"), which is a subsidiary of Zhaikmunai L.P. (LSE: ZKM) the oil
and gas exploration and production enterprise with assets in
north-western Kazakhstan, announced today the final results of its
tender offer (the "Tender Offer") to purchase for cash any and all of
Zhaikmunai LLP's (the "Issuer") outstanding 10.50% Senior Notes due
2015 (the "Notes").

As of 5:00 p.m., New York City time, on November 19, 2012 (the "Expiration
Date"), an aggregate principal amount of US$347,604,000 had
been validly tendered pursuant to the Tender Offer.

The Offeror is hereby pleased to announce that (i) all conditions to
the Tender Offer, including the New Financing Condition, have been
satisfied; and (ii) it has accepted for purchase all Notes validly
tendered pursuant to the Tender Offer.

Holders who validly tendered their Notes at or prior to 5:00 p.m., New
York City time, on November 1, 2012 (the "Early Tender Date") will
receive the Total Consideration of U.S.$1097.50 for every U.S.$1,000.00
principal amount of Notes. Holders who validly tendered their Notes
after the Early Tender Date but prior to the Expiration Date will
receive the Tender Offer Consideration of U.S.$1,080 per U.S.$1,000
principal amount of Notes.

Settlement is expected to occur on 23 November 2012. The Offeror will
also pay Accrued Interest on Notes accepted for purchase.

Following completion of the Tender Offer, an aggregate principal amount
of U.S.$102,396,000 of the Notes will remain outstanding.

The Tender Offer was made on the terms and subject to the conditions
contained in the Offer to Purchase dated October 19, 2012. This
announcement should be read in conjunction with the Offer to Purchase.
Capitalized terms used but not otherwise defined in this announcement
shall have the meaning given to them in the Offer to Purchase.

The complete terms and conditions of the Tender Offer are described in
the Offer to Purchase, copies of which may be obtained by contacting
Citibank N.A., London branch, Citigroup Centre, Canada Square, Canary
Wharf, London, E14 5LB, which is acting as the tender agent for the
Tender Offer, at +44 207 508 3867. Citigroup Global Markets Limited,
Merrill Lynch International and VTB Capital plc are acting as joint
dealer managers for the Tender Offer (the "Joint Dealer Managers").
Questions regarding the terms of the Tender Offer may be directed to
Citigroup Global Markets Limited, Citigroup Centre, Canada Square,
Canary Wharf, London E14 5LB, United Kingdom, Attention: Liability
Management Group, at (800) 558-3745 (toll-free), (212) 723-6106
(collect) or +44 (0) 20 7986 8969 (London), Merrill Lynch
International, Merrill Lynch Financial Centre, 2 King Edward Street,
London EC1A 1HQ, United Kingdom, Attention: Liability Management - John
Cavanagh / Tommaso Gros-Pietro, at +44 207 995 3715 / +44 207 995 2324
/ +1 888 292 0070 / +1 646 855 3401 and/or VTB Capital plc,14 Cornhill
London EC3V 3ND, United Kingdom, at +44 203 334 8029 (tel) / +44 203
334 8980 (fax), Attention: Global Head of Syndicate.

This press release does not constitute or form part of any offer or
invitation to purchase, or any solicitation of any offer to sell, the
Notes, the New Notes or any other securities, nor shall it or any part
of it, or the fact of its release, form the basis of, or be relied on
or in connection with, any contract therefor. None of the Offeror, the
Joint Dealer Managers or the tender and information agent makes any
recommendations as to whether holders should tender their Notes
pursuant to the Tender Offer.

Forward-Looking Statements

This press release, the Offer to Purchase and the documents
incorporated by reference into the Offer to Purchase contain certain
statements that are neither reported financial results nor other
historical information. These statements are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements include information with respect to the
Offeror's financial condition, results of operations and businesses,
strategy, plans, objectives and the expected impact of this offer on
the foregoing. Words such as "anticipates", "expects", "should","intends",
"plans", "believes", "outlook", "seeks", "estimates","targets", "may",
"will", "continue", "project" and similar expressions, as well as
statements in the future tense, identify forward-looking statements.

This press release contain forward-looking statements. All statements
other than statements of historical facts included in this press
release, including, without limitation, those which reflect our current
views or, as appropriate, those of our directors, with respect to
financial performance, business strategy, plans and objectives of
management for future operations (including development plans relating
to our business) are forward looking statements. These forward-looking
statements relate to Offeror and the sectors and industries in which it
operates. Statements that include the words ''expects'', ''intends'',
''plans'', ''believes'', ''anticipates'', ''will'', ''targets'',''may'',
''would'', ''could'', ''continue'' and similar statements of a future or
forward-looking nature identify forward-looking statements for purposes of
the U.S. federal securities laws or otherwise.

All forward-looking statements included in this press release involve
known and unknown risks and uncertainties. Accordingly, there are or
will be important factors that could cause the Group's actual results,
performance or achievements to differ materially from those indicated
in these statements, including, among others, the following:

- volatility and future decreases in crude oil, gas, refined
products and other commodity world prices and related fluctuations in
demand for such products;

- operational limitations, including equipment failures, labour
disputes and processing limitations;

- unplanned events or accidents affecting the Group's operations
or facilities, including the gas treatment facility;

- cancellation, delay, non-completion and cost overruns in
relation to the Group's future projects;

- the availability or cost of transportation routes and traders'
fees charged for arranging transportation;

- the inability of the Group to accurately predict its future
decommissioning liabilities;

- the uncertainty and expense inherent in the Group's appraisal
and exploration projects;

- changes in governmental laws and regulation, including
unfavourable tax laws, regulatory changes affecting the availability of
permits and licences, and governmental actions that may affect
operations or the Group's planned expansion;

- the availability of debt and other financing;

- the ability of the Group to retain and hire qualified personnel
and consultants;

- unfavourable changes in economic, social or political
conditions in Kazakhstan and adverse sovereign action by the

- incidents or conditions affecting the export of crude oil and

- lower than estimated or expected crude oil and gas reserves,
quality and production volumes; and

- reservoir performance, drilling results and implementation of
the Group's oil expansion plans.

Any forward-looking statements in these materials reflect our current
views with respect to future events and are subject to these and other
risks, uncertainties and assumptions relating to the Offeror's
operations, results of operations, growth strategy and liquidity.

Any forward-looking statements speak only as at the date of this press
release. We undertake no obligation to update publicly or review any
forward-looking statement, whether as a result of new information,
future developments or otherwise.

# # #

Further Enquires:

Zhaikmunai LLP - Investor Relations

Bruno G. Meere            Email: [email protected]

Kirsty Hamilton-Smith     Tel: + 44 (0) 1624 68 21 79

Pelham Bell Pottinger

Philip Dennis             + 44 (0) 207 861 32 32

Elena Dobson                This information is provided by RNS
          The company news service from the London Stock Exchange


RNS Customer Services
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, will draw together recent research and lessons learned from emerging and established ...
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
In his session at @DevOpsSummit at 19th Cloud Expo, Robert Doyle, lead architect at eCube Systems, will examine the issues and need for an agile infrastructure and show the advantages of capturing developer knowledge in an exportable file for migration into production. He will introduce the use of NXTmonitor, a next-generation DevOps tool that captures application environments, dependencies and start/stop procedures in a portable configuration file with an easy-to-use GUI. In addition to captu...
SYS-CON Events announced today that Enzu will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their online busine...
SYS-CON Events announced today that Cloudbric, a leading website security provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Cloudbric is an elite full service website protection solution specifically designed for IT novices, entrepreneurs, and small and medium businesses. First launched in 2015, Cloudbric is based on the enterprise level Web Application Firewall by Penta Security Sys...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service. Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Established in 1998, Calsoft is a leading software product engineering Services Company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. The company's deep domain knowledge of Storage, Virtualization, Networking and Cloud verticals helps in delivering ...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...