/KASE, February 22, 12/ - LLP "Zhaikmunai" (Oral), whose securities are
officially listed at Kazakhstan Stock Exchange (KASE), today provided KASE
with the following communique of February 21, 2012:
quote
Zhaikmunai L.P. (the "Parent"), a limited partnership established under the laws
of Isle of Man announces that Zhaikmunai LLP (the "Issuer"), having its registered
office at 59/2 Prospekt Evrazia, Uralsk, West Kazakhstan Oblast, 090002
Kazakhstan has today commenced the solicitation (the "Solicitation") of consents
(the "Consents" and each, a "Consent") from Holders of the US$450,000,000
10.50% Senior Notes due 2015 (the "Notes") (ISIN:
(RegS)USN97708AA49/(144A)US98951QAA31)
(CUSIP:(RegS)N97708AA4/(144A)98951QAA3). The terms and conditions of the
Solicitation are described in the Consent Solicitation Statement dated February
21, 2012 (the "Consent Solicitation Statement"). Capitalised terms used in this
announcement have the meanings ascribed to them in the Consent Solicitation
Statement. The Parent is considering seeking a listing (the "Listing") of all or a
portion of its Capital Stock (or all or a portion of the Capital Stock of a new
(direct or indirect) holding company of the Issuer ("NewCo")) on either the London
Stock Exchange plc (the "London Stock Exchange") or another recognized stock
exchange (which may be an unregulated market for purposes of European Union
legislation) or alternatively, to list its GDRs on another recognized stock
exchange which may, in each case, require the termination of its GDR listing on
the London Stock Exchange. In addition, in connection with the Listing and/or in
connection with a reorganization of the corporate structure of the Parent and its
Restricted Subsidiaries, the Parent and its Restricted Subsidiaries may undertake
certain reorganization transactions, which may require the implementation of one
or more transactions (the "Reorganization Transactions", as more fully described
in the Consent Solicitation Statement). The Issuer, subject to the terms and
conditions set forth in the Consent Solicitation Statement, is soliciting the
Consents of Holders of Notes to (a) amend and/or waive certain provisions of the
Indenture to permit the Parent or Newco to effect the Listing; (b) permit the
Parent and/or its Restricted Subsidiaries to undertake certain of the
Reorganization Transactions; (c) authorize and direct the Trustee and the
Collateral Agent and authorize and direct the Trustee to instruct the Collateral
Agent to enter into a supplemental indenture (the "Supplemental Indenture") to
amend the Indenture to permit the Listing and/or the Reorganization Transactions;
and (d) to the extent necessary under the Indenture, authorize and direct the
Trustee and the Collateral Agent and authorize and direct the Trustee to instruct
the Collateral Agent to enter into any amendments to or waive any provisions of
the Indenture that would prohibit the Listing and/or the Reorganization
Transactions.
unquote
The full press-release is available on KASE website, at:
-
http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_210212.pdf - in Russian;
-
http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_210212_e.pdf - in
English.
[2012-02-22]