JSC Kazmunaigas Exploration Production Close Period Share and GDR Buy Back Procedure Announcement

Source: www.gulfoilandgas.com 1/12/2009, Location: Asia

JSC KazMunaiGas Exploration Production announces the share and global depositary receipt buy back procedure during the close period which precedes the Company’s 2008 financial results announcement expected on March 12, 2009*. The close period is expected to begin on January 12, 2009 and end on March 12, 2009.

During the close period the Buy Back Programme (as announced on 20th of November, 2008) will be managed by the two independent brokers appointed to execute the Buy Back Programme within pre-set parameters, which will be established by the Company prior to the start of the close period. The brokers will make trading decisions independently of, and uninfluenced by, the Company but otherwise in accordance with the Buy Back Programme approved by the Board of Directors on the 8th of October 2008.

The Company hereby confirms that it is not aware of any unpublished price sensitive information relevant to the Company at the time of making of this announcement.

* The close period is a time interval preceding the disclosure of important information (such as financial annual reports) during which the Company and its management are not allowed to deal in the securities.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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