We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMUEN
RNS Number : 4241D
Urals Energy Public Company Limited
26 April 2017
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).
26 April 2017
Urals Energy Public Company Limited
("Urals Energy", the "Company" or the "Group")
Pre-export short term loan finance arrangement
The Board of Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce that it has entered into a pre-export short term loan finance arrangement with Petraco Oil Company Limited ("Petraco") under which Petraco will advance the sum of US$3.0 million to the Company (the "Loan") ahead of the anticipated June 2017 tanker shipment from Kolguev Island.
The key terms of the Loan are that:
-- it is repayable immediately following the loading of the tanker shipment of approximately 30,000 tonnes of crude oil, scheduled for June 2017;
-- interest is chargeable at a margin of 5% over US$ LIBOR up to the date of the bill of lading of the tanker, after which it reduces to 2% over US$ LIBOR; and
-- it is secured by way of a pledge by Urals Energy over the shares that Urals Energy holds in JSC Articneft.
The proceeds of the Loan will be used by the Company for general working capital financing.
- Ends -
For further information, please contact:
Urals Energy Public Company Limited Andrew Shrager, Chairman Tel: +7 495 795 Leonid Dyachenko, Chief 0300 Executive Officer Sergey Uzornikov, Chief www.uralsenergy.com Financial Officer Allenby Capital Limited Nominated Adviser and Broker Nick Naylor / Alex Brearley Tel: +44 (0) 20 3328 5656 www.allenbycapital.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDOKADPBBKDAQB
(END) Dow Jones Newswires
April 26, 2017 09:00 ET (13:00 GMT)
1 Year Urals Energy Chart |
1 Month Urals Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions