Sale of Sibir Shares to JSC Gazprom Neft


 

TIDMSBE 
 
RNS Number : 8788S 
Sibir Energy PLC 
27 May 2009 
 

 
 
RNS Number : 
Sibir Energy PLC 
27 May 2009 
 
SIBIR ENERGY PLC ("Sibir" or the "Company") 
 
 
SALE OF SIBIR SHARES TO JSC GAZPROM NEFT 
 
 
 
 
The Board of Sibir announced on 22 May 2009 that arrangements were in place 
which would allow 10,559,704 existing issued ordinary shares of 10p each in the 
capital of Sibir (the "Share(s)") to be sold and the proceeds received by the 
Company applied in reduction of the debts owed by Mr Chalva Tchigirinski to 
Sibir. It was also announced that the Shares would be offered for sale to JSC 
Gazprom Neft at GBP5.00 per Share. The Board is pleased to announce that the 
offer was accepted and that the Shares have now been sold to JSC Gazprom Neft 
for a total consideration of GBP52,589,197.08 net of costs. Following 
settlement, which is anticipated to take place on Thursday 28 May 2009, the net 
proceeds will be applied in reduction of Mr Tchigirinski's debts to the Company. 
 
 
 
 
Sibir Energy plc 
Stuart Detmer, CEO 
Moscow +7 (495) 790 78 30 
 
 
Strand Partners Limited 
Rory Murphy, Director 
London +44 (0) 20 7409 3494 
 
 
J.P. Morgan Cazenove Limited 
Ian Hannam, Managing Director 
Barry Weir, Managing Director 
Neil Haycock, Director 
London +44 (0) 20 7588 2828 
 
 
M: Communications 
Nick Miles, 
London +44 (0) 20 7153 1530 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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