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Urals Energy PCL (UEN)

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Wednesday 25 September, 2013

Urals Energy PCL

Requisition of an extraordinary general meeting

RNS Number : 8702O
Urals Energy Public Company Limited
25 September 2013

Press Release

25 September 2013


Urals Energy PCL


(''Urals Energy'' or the ''Company'')


Requisition of an extraordinary general meeting


Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, announces that it has received a notice requisitioning an extraordinary general meeting of shareholders (the "EGM Notice") to consider the removal of Andrew Shrager, Alexei Maximov, Leonid Y Dyachenko, Aleksey V Ogarev, Ingeborg Srenger and Stephen Buscher from the board of Urals Energy and the appointment of Maxim Barskiy and Jonathan Kollek in their place.


The EGM Notice has been served by Alpcot Capital Management Ltd and Fire East Corporation who state that they are interested in 77,302,785 shares, in aggregate, in Urals Energy representing approximately 30.62 per cent. of the Company's issued share capital.


Urals Energy is currently taking legal advice on the validity of the EGM Notice and further announcements will be made at the appropriate time. In the meantime, Urals Energy will release its interim results for the six months ended 30 June 2013 by the end of this week as originally targeted.

- Ends -


For further information, please contact:

Urals Energy Public Company Limited

Alexei Maximov, Chief Executive Officer

Tel: +7 495 795 0300

Sergey Uzornikov, Chief Financial Officer


Allenby Capital Limited

Nominated Adviser and Broker

Nick Naylor

Tel: +44 (0) 20 3328 5656

Alex Price


Media enquiries:


Henry Harrison-Topham / Quincy Allan

Tel: +44 (0) 20 7398 7710

[email protected]


This information is provided by RNS
The company news service from the London Stock Exchange

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