Sibir Energy Share Discussion Threads

[willessa] 01/6/2009 14:32

IG said on Friday that they were hoping to use the sell facility - would send out an email to all holders. Still waiting - will contact tomorrow if not heard.

[1nf3rn0] 01/6/2009 13:11

Has anyone had any confirmation from IG of what date they will be settling long spread bets at 500p... or even if they will be settling spead bets?

[bohemia] 01/6/2009 12:27

simferopol, if you have a certificate and are UK based, just fill in this form and send to Capita. No cost.

[simferopol] 01/6/2009 11:35

I have a certitificate for some 4000 shares , what is the best place to go to sell them.
I'm only asking in case one of you chaps knows a cheap way of going about it.
Kind Regards
and thanks..S

[thumper1] 01/6/2009 11:27

sanuk had the same answer has well no one is itrested in this.

[sanuk] 01/6/2009 11:22

finally managed to get through and they told me they are awaiting an official response from the registrar Ren Cap and then they will send out the corporate action message electronically.

[josels] 01/6/2009 10:36

TDWaterhouse just said to me


- They will joint all the shares from the shareholders and pass them to capita registras on the last day that the offer expires
- can we do something to get the money earlier?


They said that the offer may be increased
They said there is the possibility that the shares are re-listed

[thumper1] 01/6/2009 10:05

been on to hoodless will not deal with third party only with a market maker on the london exchange or to put the shares out of a nomernee account and into certivacated form witch will take ten days.

[cmabey] 01/6/2009 09:41

Steve73: Good stuff - keep the pressure on, and I'll post if they reply to my mail.

[thumper1] 01/6/2009 09:31

hi rang selftrade today had no luck told to ring thursday if I had not received any information, now ringing hoodless .

[steve73] 01/6/2009 02:44

cmabey,
I've e-m's i-d twice now, thew second time including the link for the documents.
If I don't hear today, I'll send them the document directly.

Anybody else here use i-dealing?

[jpgh] 31/5/2009 23:29

Stevest2

I have mine held via Barclays nominee account. I emailed them yesterday with some background info and a query as to what they are doing about the offer ..etc. Will keep this BB informed as to what answers I get.

JPGH

[stevest2] 31/5/2009 17:54

I am looking for some clarity - i hold mine through a Barclays nominee account.

I phoned Barcalys yesterday who knew nothing of the offer ( granted it was some weeked backoffice staff i talked to ).

How can I sell my holding?

All help appreciated.

[johnabuchanan] 30/5/2009 17:08

I received my offer documents from Capita Registars in the post this morning in respect of a few shares I have held in certificated form since 1998.

I have not yet had any Corporate Action notification from Selftrade as yet in respect of a few more I managed to pick up at just under 40p in early December.

I took profits at 164 in January to cover my purchase, so I'm delighted to get 500 now (No longer cursing myself for not taking £8+ when I had the chance)

John

[noli] 30/5/2009 14:17

You can accept the offer through TD Waterhouse. Latest Response Date: 23:59 12/06/2009.

Noli

[cmabey] 30/5/2009 13:22

nackaerl: Me too - BRU. I shall be giving them instructions 1st thing Monday morning as they haven't posted any corporate action to the website yet.

Steve73: Mine are also with IDealing so suggest you also get in touch with Grant Monday. Good to know there are others - will help with getting them moving!

[josels] 29/5/2009 23:50

brokers are doing a good job, it takes a bit of time to do the setting out of their systems.
form today with TDWaterhouse you can accept the offer electronically very easilly, this means £5 virtually in the pocket.
I will defenitlly wait some days, common sense is telling me that if they offer £5 is beacuse this is worth at least £6, otherwise why would they bother???.

[davidwilkin] 29/5/2009 20:27

Just sold mine on iii, what a relief, i wasnt 100% sure whether iii were ever dealing with it but i must say very professional and i'm glad they are my broker. On top of a great week with AFR and RKH i can afford to celebrate (at last) ive reached some short term goals with the Sibir situation and am delighted to get £5 share. Commiserations to anyone who bought higher up and are going to lose money.....but hey 40p to £5 is something, mine stood me at £1.50 so very happy.

[davron8] 29/5/2009 17:44

Hope the following may help some of my fellow sufferers of Russian bullying.


I have had a chat to a person with great knowledge re Sibir Energy and he has advised I shoulkd sell all of my holding. (I was going to anyway). The feeling is that no other company will consider making an offer for SBE. Even the big boys know that they have to beat the Russian Government if they try to bid.

For shareholders with certificated holdings they can send their instuctions to the company registrars Capita Registrars. You should receive the forms in the next day or so .To accept the Offer in respect of your Sibir Shares held in certificated form fill in the forms and send them to the address shown with the share certificate. The must arrive by 17th June 2009.


For Uncertificated holders, ie Nominee accounts you must sell through your broker and the shares have to be dealt through your broker.


If your Sibir Shares are in uncertificated form (that is, in CREST), to accept the Offer youshould take (or procure the taking of) the action set out below to transfer the Sibir Shares in respect of which you wish to accept the Offer to the appropriate escrow balance(s),
specifying Capita Registrars as receiving agent (in its capacity as a CREST participant under the Escrow Agent's participant ID referred to below) as the Escrow Agent, as soon as possible and in any event so that the TTE Instruction settles not later than 1.00 p.m. 1300 (London time) on 17 June 2009. Note that settlement cannot take place on weekends or bank holidays (or other times at which the CREST system is non-operational) – you should therefore ensure you time the input of any TTE Instructions accordingly.
The input and settlement of a TTE Instruction in accordance with this paragraph (b) will(subject to satisfying the requirements set out in Parts A and C of Appendix I) constitute an acceptance of the Offer in respect of the number of Sibir Shares so transferred to escrow. If you are a CREST sponsored member, you should refer to your CREST sponsor before taking any action. Only your CREST sponsor will be able to send the TTE Instruction(s) to Euroclear in relation to your Sibir Shares. After settlement of a TTE Instruction, you will not be able to access the Sibir Shares concerned in CREST for any transaction or charging purposes. If the Offer becomes or is declared unconditional in all respects, the Escrow Agent will transfer the Sibir Shares concerned to itself in accordance with paragraph (d) of Part C of Appendix I of this document.
You are recommended to refer to the CREST manual published by Euroclear for further information on the CREST procedures outlined below.
You should note that Euroclear does not make available special procedures, in
CREST, for any particular corporate action. Normal system timings and limitations will therefore apply in connection with a TTE Instruction and its settlement. You should therefore ensure that all necessary action is taken by you (or by your CREST sponsor) to enable a TTE Instruction relating to your Sibir Shares to settle prior to 1.00 p.m. (London time) on 17 June 2009. In this connection you are referred inparticular to those sections of the CREST manual concerning practical limitations of the CREST system and timings.
(i) To accept the Offer in respect of your Sibir Shares held in uncertificated form
To accept the Offer in respect of Sibir Shares held in uncertificated form, you should send (or, if you are a CREST sponsored member, procure that your CREST sponsor sends) to Euroclear a TTE Instruction in relation to such Shares.
A TTE Instruction to Euroclear must be properly authenticated in accordance with Euroclear's specifications for transfers to escrow and must contain the following details: the ISIN number for the Sibir Shares. This is GB00B04M0Q71;
the number of Sibir Shares in respect of which you wish to accept the Offer (i.e. the number of Sibir Shares to be transferred to escrow your member account ID; your participant ID; the participant ID of the Escrow Agent. This is RA10; the member account ID of the Escrow Agent for the Offer. This is JSCSIB01; the intended settlement date. This should be as soon as possible and in any event not later than 1.00 pm on 17 June 2009;
14 input with a standard delivery instruction of 80;
· the corporate action number for the Offer. This is allocated by Euroclear and will
be available on-screen from Euroclear; and
· the contact name and number in the shared note field.
(ii) Validity of acceptances in respect of Sibir Shares in uncertificated form
A Form of Acceptance which is received in respect of Sibir Shares held in
uncertificated form will not constitute a valid acceptance and will be disregarded.
Holders of Sibir Shares in uncertificated form who wish to accept the Offer should note
that a TTE Instruction will only be valid acceptance of the Offer as at the relevant closing
date if it has settled on or before that date.
(iii) Overseas Shareholders
The attention of Sibir Shareholders holding Sibir Shares in uncertificated form and who are
citizens or residents of jurisdictions outside the United Kingdom, or who are nominees of,
or custodians or trustees for, any such person, or who intend to forward this document to
any jurisdiction outside the United Kingdom is drawn to paragraph 4 of Part A and
paragraph (c) of Part C of Appendix I, which they should read before taking any action.
The availability of the Offer to persons not resident in the United Kingdom may be affected
by the laws of the jurisdictions in which such persons are resident. Persons who are subject
to the laws of any jurisdiction other than the United Kingdom should inform themselves about and observe any applicable requirements.
The Offer is not being made, directly or indirectly, in or into, or by the use of the mails or any means or instrumentality (including, without limitation telephonically or electronically of interstate or foreign commerce of, or any facilities of a national securities exchange of the Excluded Jurisdictions). Copies of this document, the Form of Acceptance and any related offering documents are not being, and may not be, mailed or otherwise distributed
in, into or from the Excluded Jurisdictions. Accordingly, any accepting Sibir Shareholder who holds uncertificated Shares who is unable to give the representation and warranty set out in paragraph (c) of Part C of Appendix I of this document may be deemed not to have accepted the Offer.
If you are in any doubt as to the procedure for acceptance, please contact Capita Registrars on 0871 664 0321 or, if telephoning from outside the UK, on [phone]. Calls to the Capita Registrars 0871 664 0321 number are charged at 10 pence per minute (including VAT) plus any of your service provider's network extras. Calls to the Capita Registrars [phone] number from outside the UK are charged at applicable international rates. Different charges may apply to calls made from mobile telephones and calls may be recorded and monitored randomly for security and training purposes. Capita Registrars cannot provide advice on the merits of the Offer nor give any financial, legal or tax advice.

June 17th is the final date so deal early to avoid delays and possibly missing the date.

[willessa] 29/5/2009 15:42

Just topped up on PTR.

TMAN - only bad memories of holding it. Though I acknowledge the risk reward, I'm not convinced they can get it to work.

[fsu gold investor] 29/5/2009 15:35

My U.S. broker Charles Schwab is starting to get the procedure working for shares held in the U.S. Will report back to me next week.