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Novy Neft II Limited Purchases Shares In The Market
Hamilton, Bermuda: 8 December 2004 - The Directors of Novy Neft II Limited (the "Company") wish to announce that in accordance with the Directors' resolution that the Company may repurchase up to 20% of its issued share capital should Shares become available in the market to address any possible imbalance between the supply and demand for the Company's Shares, the Company yesterday purchased 50,000 shares at US$13.45 per Share, a discount to Net Asset Value.
For further information on Novy Neft II Limited please contact:
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Stephen Davies Butterfield Securities Limited Tel: (441) 298 4764 Fax: (441) 295 6759 Email: stephendavies@bntb.bm |
Christopher Fitzwilliam-Lay Charlemagne Capital (UK) Limited Tel: (44 207) 518 2100 Fax: (44 207) 518 2199 Email: chris.fitzwilliamlay@charlemagnecapital.com |