Zhaikmunai LP intends to get full listing on LSE

/IRBIS, November 21, 2011/ - Zhaikmunai LP intends to get a full listing in London, reported November 20 The Financial Times. In the case of receiving a full listing Company's securities may be included in basket of calculation of index FTSE 250. It is reported that Frank Monstray, who owns a controlling 28% stake in the company, said Zhaikmunai already fulfilled the requirements for the free float, of candidates for inclusion in the FTSE 250. 33% of Zhaikmunai shares are in the free float. However, the shareholder acknowledged that the company will increase the need to expand the number of independent directors. Currently, the company has three independent members of the Board of Directors of seven members. Zhaikmunai asked the law firm White & Case on the recommendations of a possible transition from the GDR to the full listing in London. GDRs have been trading traded in London since 2008. If successful, Zhaikmunai will join other local companies - ENRC and Kazakhmys, traded in the main list of LSE. [2011-11-21]