PVF Prosperity Vosk

 
TIDMPVF 
 
   Prosperity Voskhod Fund Limited 
 
   (a closed-ended investment company incorporated with limited liability 
under the laws of Guernsey with registered number 45426) 
 
   DISPOSAL OF HOLDING IN BASHNEFT 
 
   The Board is pleased to announce that it has sold circa 68 per cent of 
its residual holding of Bashneft preferred shares , being 714,483 shares, 
at a price of 1,403 roubles per share. The sale was made to Bashneft 
under its publicly announced share buy back programme. On the basis of 
the prevailing FX rate the transaction consideration amounts to $28.166 
million. The consideration proceeds in roubles are expected to be 
received by the Company on or before 21 April after which they will 
converted into US dollars. As at the close of business on 27 March the 
Bashneft preferred share price was 1404 roubles per 
share(www.bashneft.com) 
 
   The proceeds of this transaction will be returned to shareholders 
together with other available cash under the share redemption programme. 
A further announcement on the timing and quantum of this redemption will 
be made in due course. 
 
   Enquiries: 
 
   Julian Reid, Chairman 
 
   Mobile telephone: +44 (0) 7768 068 200 
 
   Cenkos Securities plc (NOMAD) 
 
   Will Rogers Tel: 0207 397 1920 , Stephen Keys 0207 397 8900 
 
   Prosperity Capital Management (UK) Limited 
 
   Akshay Bhutiani    Tel: +44 20 7299 6950 
 
 
 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Prosperity Voskhod Fund Limited via Globenewswire 
 
   HUG#1772284 
 
 
  http://prosperitycapital.com/PVF 
 

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