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UEN Urals EN.

35.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Urals EN. LSE:UEN London Ordinary Share CY0107130912 ORD USD0.126 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 35.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Urals Energy Public Company Limited Grants of conditional share awards (6673U)

20/01/2017 7:00am

UK Regulatory


Urals Energy (LSE:UEN)
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TIDMUEN

RNS Number : 6673U

Urals Energy Public Company Limited

20 January 2017

20 January 2017

Urals Energy Public Company Limited

("Urals Energy", the "Company" or the "Group")

Grants of conditional share awards under performance share plan

Notification of transactions by directors/persons discharging managerial responsibilities

Further to the announcements made on 11 October 2016 and 10 November 2016, the board (the "Board") of Urals Energy PCL (AIM: UEN), the independent exploration and production company with operations in Russia, announces the granting of conditional share awards ("Conditional Share Awards") over a total of 13,127,193 new ordinary shares of US$0.0063 each in the capital of the Company (the "Performance Shares"), pursuant to the Company's performance share plan (the "Performance Share Plan").

Grants of Conditional Share Awards have been made to a total of seven employees, including members of the Company's Board and certain key employees within the Group's subsidiaries. In aggregate, the Performance Shares represent 5.2 per cent of the Company's current issued ordinary share capital. For the time being, the Board intends to retain the balance of a further 4.9 per cent of the Company's current issued ordinary share capital, which is approved under the Performance Share Plan.

The Conditional Share Awards will only vest once the Board has determined that certain key performance indicators ("KPIs") allocated to the individuals have been achieved. The KPIs in all cases relate to performance in the underlying operations and developments achieved by the Group over the three years. The Board has rejected linking the KPIs to the share price of the Company in absolute terms or relative to its peers, as the Board believes that this can be influenced by the outcome of multiple factors, many of which are not fair reflections of the performance of the individuals.

Mr Leonid Dyachenko, Chief Executive Officer has been granted 3,844,947 Conditional Share Awards. Mr Sergey Uzornikov, Chief Financial Officer has been granted 1,201,546 Conditional Share Awards. Mr Andrew Shrager, Chairman, has been granted 1,201,546 Conditional Share Awards. Mr Stephen Buscher, Non-Executive Director, has been granted 631,115 Conditional Share Awards. In addition Conditional Share Awards have been made to the non-Board employees set out below:

 
 Name of Participant    Date of Grant      Role                           Number of Conditional 
                                                                           Share Awards granted 
---------------------  -----------------  -----------------------------  ---------------------- 
                                           President of the Management 
                                            company Urals Energy 
 Mr Sergey Kononov      19 January 2017     LLC                           3,844,947 
---------------------  -----------------  -----------------------------  ---------------------- 
                                           Vice President Exploration 
 Mr Anton Babak         19 January 2017     & Production                  1,201,546 
---------------------  -----------------  -----------------------------  ---------------------- 
 Mr Vasily Nikoluk      19 January 2017    Vice President Geology         1,201,546 
---------------------  -----------------  -----------------------------  ---------------------- 
 

The Company's Performance Share Plan was approved by shareholders on 10 November 2016. Further details of the Performance Share Plan can be found in the Company's announcement of 11 October 2016. The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below and gives further details on the Conditional Share Award grants for directors and persons discharging managerial responsibilities.

Andrew Shrager, Chairman, commented: "As recently announced, we believe that the time is right to start making preparations for a significant step up in the development of our reserves, both those long held and those resulting from our recent acquisitions and new licence awards. It is important therefore that we have strong incentives for our key managers to ensure that we can fulfil our plans effectively".

- Ends -

For further information, please contact:

 
 Urals Energy Public Company Limited 
 Andrew Shrager, Chairman              Tel: +7 495 795 0300 
  Leonid Dyachenko, Chief Executive 
  Officer 
  Sergey Uzornikov, Chief Financial 
  Officer 
                                        www.uralsenergy.com 
 
 
 Allenby Capital Limited 
  Nominated Adviser and Broker 
 Nick Naylor / Alex Brearley       Tel: +44 (0) 20 3328 
                                                   5656 
                                 www.allenbycapital.com 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  -------------------------------------------------------------------------- 
 a)   Name                              Leonid Dyachenko 
---  --------------------------------  ---------------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------------------- 
 a)   Position/status                   Director - Chief Executive Officer 
---  --------------------------------  ---------------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
---  --------------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
---  -------------------------------------------------------------------------- 
 a)   Name                              Urals Energy Public Company Limited 
---  --------------------------------  ---------------------------------------- 
 b)   LEI                               Not available 
---  --------------------------------  ---------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
---  -------------------------------------------------------------------------- 
 a)   Description of the financial      Ordinary shares of US$0.0063 in 
       instrument, type of instrument    Urals Energy Public Company Limited. 
       Identification code               Identification code (ISIN) for Urals 
                                         Energy Public Company Limited ordinary 
                                         shares: CY0000111027 
---  --------------------------------  ---------------------------------------- 
 b)   Nature of the transaction         Grant of nil cost Conditional Share 
                                         Awards to acquire Urals Energy Public 
                                         Company Limited new ordinary shares 
                                         at a future release date under the 
                                         Company's Performance Share Plan 
---  --------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                         ---------  -------------- 
                                          0.00       3,844,947 
                                                      Conditional 
                                                      Share Awards 
                                         ---------  -------------- 
---  --------------------------------  ---------------------------------------- 
 d)   Aggregated information            Single transaction as in 4 c) above. 
       - Aggregated volume               3,844,947 Conditional Share Awards 
       - Price                           to acquire Urals Energy Public Company 
                                         Limited new ordinary shares for 
                                         no cost at a future release date 
                                         were granted. 
---  --------------------------------  ---------------------------------------- 
 e)   Date of the transaction           19 January 2017 
---  --------------------------------  ---------------------------------------- 
 f)   Place of the transaction          Outside of trading venue - grant 
                                         of Conditional Share Awards 
---  --------------------------------  ---------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  -------------------------------------------------------------------------- 
 a)   Name                              Sergey Uzornikov 
---  --------------------------------  ---------------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------------------- 
 a)   Position/status                   Director - Chief Financial Officer 
---  --------------------------------  ---------------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
---  --------------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
---  -------------------------------------------------------------------------- 
 a)   Name                              Urals Energy Public Company Limited 
---  --------------------------------  ---------------------------------------- 
 b)   LEI                               Not available 
---  --------------------------------  ---------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
---  -------------------------------------------------------------------------- 
 a)   Description of the financial      Ordinary shares of US$0.0063 in 
       instrument, type of instrument    Urals Energy Public Company Limited. 
       Identification code               Identification code (ISIN) for Urals 
                                         Energy Public Company Limited ordinary 
                                         shares: CY0000111027 
---  --------------------------------  ---------------------------------------- 
 b)   Nature of the transaction         Grant of nil cost Conditional Share 
                                         Awards to acquire Urals Energy Public 
                                         Company Limited new ordinary shares 
                                         at a future release date under the 
                                         Company's Performance Share Plan 
---  --------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                         ---------  -------------- 
                                          0.00       1,201,546 
                                                      Conditional 
                                                      Share Awards 
                                         ---------  -------------- 
---  --------------------------------  ---------------------------------------- 
 d)   Aggregated information            Single transaction as in 4 c) above. 
       - Aggregated volume               1,201,546 Conditional Share Awards 
       - Price                           to acquire Urals Energy Public Company 
                                         Limited new ordinary shares for 
                                         no cost at a future release date 
                                         were granted. 
---  --------------------------------  ---------------------------------------- 
 e)   Date of the transaction           19 January 2017 
---  --------------------------------  ---------------------------------------- 
 f)   Place of the transaction          Outside of trading venue - grant 
                                         of Conditional Share Awards 
---  --------------------------------  ---------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  -------------------------------------------------------------------------- 
 a)   Name                              Andrew Shrager 
---  --------------------------------  ---------------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------------------- 
 a)   Position/status                   Director - Chairman 
---  --------------------------------  ---------------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
---  --------------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
---  -------------------------------------------------------------------------- 
 a)   Name                              Urals Energy Public Company Limited 
---  --------------------------------  ---------------------------------------- 
 b)   LEI                               Not available 
---  --------------------------------  ---------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
---  -------------------------------------------------------------------------- 
 a)   Description of the financial      Ordinary shares of US$0.0063 in 
       instrument, type of instrument    Urals Energy Public Company Limited. 
       Identification code               Identification code (ISIN) for Urals 
                                         Energy Public Company Limited ordinary 
                                         shares: CY0000111027 
---  --------------------------------  ---------------------------------------- 
 b)   Nature of the transaction         Grant of nil cost Conditional Share 
                                         Awards to acquire Urals Energy Public 
                                         Company Limited new ordinary shares 
                                         at a future release date under the 
                                         Company's Performance Share Plan 
---  --------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                         ---------  -------------- 
                                          0.00       1,201,546 
                                                      Conditional 
                                                      Share Awards 
                                         ---------  -------------- 
---  --------------------------------  ---------------------------------------- 
 d)   Aggregated information            Single transaction as in 4 c) above. 
       - Aggregated volume               1,201,546 Conditional Share Awards 
       - Price                           to acquire Urals Energy Public Company 
                                         Limited new ordinary shares for 
                                         no cost at a future release date 
                                         were granted. 
---  --------------------------------  ---------------------------------------- 
 e)   Date of the transaction           19 January 2017 
---  --------------------------------  ---------------------------------------- 
 f)   Place of the transaction          Outside of trading venue - grant 
                                         of Conditional Share Awards 
---  --------------------------------  ---------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  -------------------------------------------------------------------------- 
 a)   Name                              Stephen Buscher 
---  --------------------------------  ---------------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------------------- 
 a)   Position/status                   Director - Non-Executive Director 
---  --------------------------------  ---------------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
---  --------------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
---  -------------------------------------------------------------------------- 
 a)   Name                              Urals Energy Public Company Limited 
---  --------------------------------  ---------------------------------------- 
 b)   LEI                               Not available 
---  --------------------------------  ---------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
---  -------------------------------------------------------------------------- 
 a)   Description of the financial      Ordinary shares of US$0.0063 in 
       instrument, type of instrument    Urals Energy Public Company Limited. 
       Identification code               Identification code (ISIN) for Urals 
                                         Energy Public Company Limited ordinary 
                                         shares: CY0000111027 
---  --------------------------------  ---------------------------------------- 
 b)   Nature of the transaction         Grant of nil cost Conditional Share 
                                         Awards to acquire Urals Energy Public 
                                         Company Limited new ordinary shares 
                                         at a future release date under the 
                                         Company's Performance Share Plan 
---  --------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                         ---------  -------------------- 
                                          0.00       631,115 Conditional 
                                                      Share Awards 
                                         ---------  -------------------- 
---  --------------------------------  ---------------------------------------- 
 d)   Aggregated information            Single transaction as in 4 c) above. 
       - Aggregated volume               631,115 Conditional Share Awards 
       - Price                           to acquire Urals Energy Public Company 
                                         Limited new ordinary shares for 
                                         no cost at a future release date 
                                         were granted. 
---  --------------------------------  ---------------------------------------- 
 e)   Date of the transaction           19 January 2017 
---  --------------------------------  ---------------------------------------- 
 f)   Place of the transaction          Outside of trading venue - grant 
                                         of Conditional Share Awards 
---  --------------------------------  ---------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  -------------------------------------------------------------------------- 
 a)   Name                              Sergey Kononov 
---  --------------------------------  ---------------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------------------- 
 a)   Position/status                   President of Urals Energy LLC 
---  --------------------------------  ---------------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
---  --------------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
---  -------------------------------------------------------------------------- 
 a)   Name                              Urals Energy Public Company Limited 
---  --------------------------------  ---------------------------------------- 
 b)   LEI                               Not available 
---  --------------------------------  ---------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
---  -------------------------------------------------------------------------- 
 a)   Description of the financial      Ordinary shares of US$0.0063 in 
       instrument, type of instrument    Urals Energy Public Company Limited. 
       Identification code               Identification code (ISIN) for Urals 
                                         Energy Public Company Limited ordinary 
                                         shares: CY0000111027 
---  --------------------------------  ---------------------------------------- 
 b)   Nature of the transaction         Grant of nil cost Conditional Share 
                                         Awards to acquire Urals Energy Public 
                                         Company Limited new ordinary shares 
                                         at a future release date under the 
                                         Company's Performance Share Plan 
---  --------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                         ---------  -------------- 
                                          0.00       3,844,947 
                                                      Conditional 
                                                      Share Awards 
                                         ---------  -------------- 
---  --------------------------------  ---------------------------------------- 
 d)   Aggregated information            Single transaction as in 4 c) above. 
       - Aggregated volume               3,844,947 Conditional Share Awards 
       - Price                           to acquire Urals Energy Public Company 
                                         Limited new ordinary shares for 
                                         no cost at a future release date 
                                         were granted. 
---  --------------------------------  ---------------------------------------- 
 e)   Date of the transaction           19 January 2017 
---  --------------------------------  ---------------------------------------- 
 f)   Place of the transaction          Outside of trading venue - grant 
                                         of Conditional Share Awards 
---  --------------------------------  ---------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

January 20, 2017 02:00 ET (07:00 GMT)

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