Zhaikmunai announces legal settlement of dispute between Claremont and BTA Bank

14.06.17 09:50
/KASE, June 14, 2017/ – Zhaikmunai (Oral), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of June 13, 2017: quote Zhaikmunai LLP, subsidiary of Nostrum Oil & Gas PLC ("Nostrum" or the "Company", and together with subsidiaries the "Group"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, refers to the announcement by BTA Bank of this morning. Reference is also made to the announcements by the Company of 20 March 2017 and of 9 June 2017 and the related announcements by Claremont Holdings Limited and Claremont Holdings C.V. of 20 March 2017. The Company notes that the Claremont entities and BTA Bank have reached a settlement and welcomes BTA Bank as a new shareholder. unquote The full press release is available on KASE website (in Russian) – http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_130617_1.pdf [2017-06-14]