Welcome!

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
Government;

- incidents or conditions affecting the export of crude oil and
gas;

- 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

END

Contacts:
RNS Customer Services
0044-207797-4400
Email Contact
http://www.rns.com

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
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs oft...
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
@ThingsExpo has been named the Most Influential ‘Smart Cities - IIoT' Account and @BigDataExpo has been named fourteenth by Right Relevance (RR), which provides curated information and intelligence on approximately 50,000 topics. In addition, Right Relevance provides an Insights offering that combines the above Topics and Influencers information with real time conversations to provide actionable intelligence with visualizations to enable decision making. The Insights service is applicable to eve...
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Cybersecurity is a critical component of software development in many industries including medical devices. However, code is not always written to be robust or secure from the unknown or the unexpected. This gap can make medical devices susceptible to cybersecurity attacks ranging from compromised personal health information to life-sustaining treatment. In his session at @ThingsExpo, Clark Fortney, Software Engineer at Battelle, will discuss how programming oversight using key methods can incre...
The goal of Continuous Testing is to shift testing left to find defects earlier and release software faster. This can be achieved by integrating a set of open source functional and performance testing tools in the early stages of your software delivery lifecycle. There is one process that binds all application delivery stages together into one well-orchestrated machine: Continuous Testing. Continuous Testing is the conveyor belt between the Software Factory and production stages. Artifacts are ...
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.