Zhaikmunai says court order freezing NOSTRUM OIL & GAS PLC assets reversed

12.06.17 10:46
/KASE, June 12, 2017/ – Zhaikmunai (Oral), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of June 9, 2017: quote Zhaikmunai LLP, a subsidiary of Nostrum Oil & Gas PLC ("Nostrum" or "the Company" and together with its subsidiaries "the Group") an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, refers to the announcement by the Company of 20 March 2017 and the related announcements by Claremont Holdings Limited and Claremont Holdings C.V. of 20 March 2017. The Company has today been notified that, pursuant to a consent order agreed between the relevant parties, on 2 June 2017 the Court discharged (a) the interim charging order granted over 24,888,960 shares in the Company (the "Nostrum Shares") on 15 March 2017, and (b) the freezing order amended on 15 March 2017 so as to apply to the Nostrum Shares, Claremont Holdings Limited and Claremont Holdings C.V., insofar as it relates to the Nostrum Shares and those parties. unquote The full press release is available on KASE website – http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_090617_en.pdf [2017-06-12]