Issue of Restricted Shares (4352W)

TIDMUEN

RNS Number : 4352W

Urals Energy Public Company Limited

30 January 2012

31 January 2012

Urals Energy Public Company Limited

("Urals Energy" or the "Company")

Issue of Restricted Shares

Urals Energy, the Russian focused oil & gas exploration and production company, announces that it has issued 3,194,914 ordinary shares with a nominal value of US$0.0063 each pursuant to the terms of the Company's Restricted Stock Plan (the "New Shares"). The New Shares were issued credited as fully paid.

Of these New Shares, the following have been issued to members of the Board:

 
  Name of Director        Number of      Number of ordinary    Percentage of enlarged 
                           New Shares     shares in Urals       share capital of 
                                          held following        Urals held following 
                                          Admission             Admission 
  Alexei Maximov          1,466,518      4,838,554             1.92% 
                        -------------  --------------------  ------------------------ 
  Leonid Y. Dyachenko     864,198        5,885,475             2.33% 
                        -------------  --------------------  ------------------------ 
  Aleksey V Ogarev        864,198        3,535,403             1.40% 
                        -------------  --------------------  ------------------------ 
 

Application has been made for the New Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence at 8.00am on or around 6 February 2012. Following Admission, the total number of shares in issue will be 252,446,060 with a nominal value of US$0.0063 each. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules.

Enquiries:

 
Urals Energy Public Company Limited   [phone] 
Alexei Maximov 
Sergey Uzornikov 
 
 Allenby Capital Limited               [phone] 
Nick Naylor 
 Alex Price 
 
Pelham Bell Pottinger                 [phone] 
Mark Antelme 
Maria Blank 
 

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

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