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Novy Neft Limited - Further Repurchase Of Shares
Hamilton, Bermuda: 18th February 2005 - The Directors of Novy Neft Limited (the "Company"), wish to advise that on 17 February 2005, the Company repurchased 25,000 Shares in the market at a price per Share of US$18.40, a discount to the Net Asset Value. Subject to completion, the repurchased Shares will be cancelled.
For further information on Novy Neft 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 |