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| 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 |
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RNS Number : 0648U
Urals Energy Public Company Limited
07 October 2010
7th October 2010
Urals Energy Public Company Limited
("Urals Energy" or the "Company")
Update of Petraco debt repayments
Urals Energy, the Russian focused oil & gas exploration and production company,
announces that Petraco Oil Company Limited ("Petraco") has agreed to delay the
first repayment due under the debt restructure agreement with Petraco, details
of which were announced on 12 April 2010.
This repayment was originally due on 30 September 2010 and Petraco have agreed
with the Company to vary the repayment schedule so that the payment will now be
made not later than 15 November 2010.
In view of Petraco's relationship with the Company, and in particular the fact
that Ingeborg Srenger is a director of both Urals and Petraco, this variation is
considered to be a related party transaction pursuant to Rule 13 of the AIM
Rules for Companies.. The Company's directors (with the exception of Ingeborg
Srenger), having consulted with the Company's nominated adviser, Allenby Capital
Limited, consider that the terms of the transaction are fair and reasonable
insofar as the Company's shareholders are concerned.
Enquiries:
+---------------------------------+--------------------------------+
| Urals Energy Public Company | +7 495 795 03 00 |
| Limited | |
+---------------------------------+--------------------------------+
| Alexei Maximov | |
+---------------------------------+--------------------------------+
| Grigory Kazakov | |
+---------------------------------+--------------------------------+
| | |
| Allenby Capital Limited | +44 (0)20 3328 5656 |
+---------------------------------+--------------------------------+
| Nick Naylor | |
| Alex Price | |
+---------------------------------+--------------------------------+
| | |
+---------------------------------+--------------------------------+
| Pelham Bell Pottinger | +44 (0)20 7861 3232 |
+---------------------------------+--------------------------------+
| Mark Antelme | |
+---------------------------------+--------------------------------+
| Jenny Renton | |
+---------------------------------+--------------------------------+
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEASEXESDEFFF
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