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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 |
TIDMUEN RNS Number : 4811K Urals Energy Public Company Limited 20 April 2010 20 April 2010 Urals Energy Public Company Limited ('Urals Energy' or the 'Company') Update on the Petraco refinancing Further to the announcement on 12 April 2010 relating to the refinancing of the indebtedness owed by the Company to Petraco Oil Company Limited ("Petraco"), Urals Energy today confirms that, subject to a waiver of the pre-emptive rights by the Company's shareholders at the next Extraordinary General Meeting (notice of which was mailed to all shareholders on 14 April 2010), in accordance with the Restructuring Agreement (as defined in the announcement of 12 April 2010) Petraco will convert US$2.0 million of its existing outstanding indebtedness into 8,693,006 new Urals Energy shares. In addition the Company will issue warrants to Petraco to acquire 12,576,688 new Urals Energy shares. These figures have been calculated using a volume weighted average price of 17.278663 pence per Urals Energy share and an exchange rate of GBP1.00 to $1.5338. The extraordinary general meeting is scheduled to take place at 10.00 am local time at Evagoras Building Office, 34 3rd Floor, 31 Evagorou Avenue, Nicosia, Cyprus Enquiries: +----------------------------------+--------------------------------+ | | | | Allenby Capital Limited | +44 (0)20 3328 5656 | +----------------------------------+--------------------------------+ | Nick Naylor | | | Alex Price | | +----------------------------------+--------------------------------+ | | | +----------------------------------+--------------------------------+ | Pelham Bell Pottinger | +44 (0)20 7337 1500 | +----------------------------------+--------------------------------+ | Mark Antelme | | +----------------------------------+--------------------------------+ | Evgeniy Chuikov | | +----------------------------------+--------------------------------+ This information is provided by RNS The company news service from the London Stock Exchange END STREADLEAEFEEFF
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