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Novy Neft Limited Share Buy Back - Update
Hamilton, Bermuda: 27th July 2005 - Further to the announcement of 23 June 2005, the Directors of Novy Neft Limited (the "Company"), wish to advise shareholders of the timetable for the buy back of shares on 24 August 2005.
Shareholders wishing to participate should complete the reply slip (as previously provided) and return as soon as possible, and in any event no later than 5 p.m. on 22 August 2005 to the Registrar and transfer agent, HSBC Securities Services (Isle of Man) Limited, PO Box 34, 12/13 Hill Street, Douglas, Isle of Man IM1 1EF, British Isles (Fax: (44) 1624 637778).
Expected Timetable:
Record Date 19 August 2005
Latest Receipt of Buyback Requests 5.00pm on 22 August 2005
Shares Repurchased and Cancelled 24 August 2005
Details of Buyback announced 26 August 2005
Distribution of Proceeds on or about 16 September 2005
For further information on Novy Neft Limited please contact:
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Megan Woloshyn Butterfield Securities Limited Tel: (441) 298 4764 Fax: (441) 295 6759 Email: meganwoloshyn@bntb.bm |
Christopher Fitzwilliam-Lay Charlemagne Capital (UK) Limited Tel: (44 207) 518 2100 Fax: (44 207) 518 2199 Email: chris.fitzwilliamlay@charlemagnecapital.com |