Closing of Offer for Minority Sibir Shareholders


 

TIDMSBE TIDMGAZ 
 
RNS Number : 0357U 
Renaissance Capital Limited 
17 June 2009 
 

LONDON, 17 JUNE 2009 
 
 
 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR 
FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE 
RELEVANT LAWS OF SUCH JURISDICTION 
 
 
 
 
Closing of the Recommended Cash Offer for Minority Shareholdings in Sibir Energy 
Plc ("Sibir") on behalf of JSC Gazprom Neft ("Gazprom Neft") 
 
 
 
 
 
 
On 27 May 2009, Renaissance Securities (Cyprus) Limited ("Renaissance 
Capital"), on behalf of Gazprom Neft, made a recommended cash offer for the 
entire issued and to be issued share capital of Sibir, excluding certain shares 
including those legally and beneficially owned by or on behalf of Gazprom Neft 
and shares legally and/or beneficially owned by or on behalf of certain other 
shareholders including Bennfield Limited, Central Fuel Company and the Bank of 
Moscow (the "Offer"). 
 
 
In accordance with the terms of the Framework Agreement (as summarised in the 
Offer Document) and as contemplated in the Offer Document, Renaissance Capital 
announces that as at 1.00 p.m. (London time) today the Offer will be closed and 
no longer capable of acceptance. For a period ending on 26 July 2009, Gazprom 
Neft shall put its broker, Renaissance Capital, in funds in an amount sufficient 
to discharge the purchase by way of bilateral contract of any outstanding Sibir 
Shares to which the Offer related. The Renaissance Capital Trading Facility will 
also continue to be available to eligible shareholders during this period. 
Renaissance Capital reserves the right not to accept an offer for sale through 
the Renaissance Capital Trading Facility. 
 
 
As at 5.30 p.m. (London time) on 16 June 2009, valid acceptances of the Offer 
and valid offers to sell under the Renaissance Capital Trading Facility had been 
received in respect of 23,318,346 Sibir Shares, which when aggregated with 
Gazprom Neft's interests immediately prior to the Offer being made, resulted in 
Gazprom Neft having an interest in approximately 33.57 per cent. of Sibir's 
entire issued share capital. 
 
 
Capitalised terms used in this announcement have the meanings set out in the 
offer document dated 27 May 2009. 
 
 
Sibir is listed on AIM (Ticker: SBE:LN). The shares are currently suspended and 
Renaissance Capital and Gazprom Neft make no representation as to the accuracy 
or completeness of public information regarding Sibir. 
 
 
For further information, please contact: 
 
 
Gazprom Neft 
Igor M. Tsibelman, Esq. 
Tatiana Morozova. 
+ 7 495 777 3152 
 
 
Renaissance Capital 
Dominic Bokor-Ingram, Equity Sales, +44 207 367 7723 
Brien McMahon, Sales Trading, +44 207 367 7711 
Richard Betson, Sales Trading, +44 207 367 7714 
Arie Kravtchin, Equity Syndicate +7 495 783 5691 
 
 
 
 
Renaissance Securities (Cyprus) Limited, which is authorised and regulated in 
Cyprus by the Cyprus Securities and Exchange Commission and enjoys passporting 
rights allowing it to do investment business in the UK, is acting for Gazprom 
Neft in relation to the matters described in this announcement and is not 
advising any other person and accordingly will not be responsible to any person 
other than Gazprom Neft for providing the protections afforded to the customers 
of Renaissance Securities (Cyprus) Limited or for providing advice in relation 
to the matters described in this announcement. 
 
 
 
 
The Offer was not made, directly or indirectly, in or into, or by the use of the 
mails or any means of instrumentality (including, without limitation, 
telephonically or electronically) of interstate or foreign commerce of, or any 
facilities of a national securities exchange of any jurisdiction where to do so 
would constitute a violation of the laws of such jurisdiction (in this 
announcement, an "Excluded Jurisdiction"). Accordingly, except as required by 
applicable law, copies of this announcement are not being, and may not be, 
mailed or otherwise forwarded, distributed or sent in, into or from any such 
Excluded Jurisdiction. Persons receiving this announcement (including without 
limitation nominees, trustees or custodians) must not forward, distribute or 
send it into any Excluded Jurisdiction. 
 
 
This announcement does not constitute, or form any part of, any offer for, or 
solicitation of any offer for, securities. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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