Zhaikmunai’s Board attaches great importance to maintaining good relationships with the Partnership’s limited partners (including GDR holders) and maintains a regular dialogue with them to ensure the mutual understanding of objectives. Whilst recognising that most limited partner contact with Group management is with the Chairman, the CEO or the Group CFO, the Board as a whole has responsibility for ensuring that a satisfactory dialogue with limited partners takes place and the Chairman ensures that that all Directors are made aware of major limited partners’ issues and concerns and that extensive information regarding the Group’s activities is shared with the limited partners. The Annual General Meeting of limited partners of the partnership also provides an opportunity for limited partners (including GDR holders) to communicate with and to question members of the Board on any aspect of the Group’s activities.
In addition, the Investor Relations programme aims at developing and maintaining open and transparent communication between Zhaikmunai and its various stakeholders. To this effect, various communication channels are used and regular information sharing opportunities, both regulatory and other, are scheduled throughout the year.
Zhaikmunai’s website (www.zhaikmunai.com), which is regularly updated, hosts all of the written information prepared by the Investor Relations Department about Zhaikmunai. This includes press releases distributed via the regulatory channels (London Stock Exchange, Luxembourg Stock Exchange, Irish Stock Exchange and Kazakhstan Stock Exchange), e-mail mailings, investor presentations, financial statements, management reports, some third-party reports (ex. Ryder Scott reports), as well as Zhaikmunai’s Annual Report.
Interactive communication channels include quarterly conference calls with analysts and investors, group or individual investor calls or meetings (ex. roadshows) as well as site visits in Kazakhstan.
2012 Investor Relations milestones include the following:
- increased analyst coverage;
- an extended Investor Relations distribution list;
- an expanding number of e-mail mailing campaigns;
- a very well attented first Capital Markets Day (London, UK);
- a first bilingual interactive digital version of Zhaikmunai’s Annual Report (English and Russian);
- a new bilingual (English and Russian) website hosting many new functionalities.