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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 : 1261V
Urals Energy Public Company Limited
10 December 2013
Press Release 10 December 2013
Urals Energy PCL
("Urals Energy" or the "Company")
Directorate change
Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, announces that Torbjorn Ranta has resigned as a director or the Company with immediate effect.
Alexei Maximov, Chief Executive Officer of Urals Energy commented: "Following the exit of Alpcot Capital Management (as one of the requisitioners of the upcoming EGM) from the Company's shareholder register and the resignation of Mr. Ranta from the Board, as well as lack of a clear strategy for the development of the Company from Fire East Corporation, the Board once again would like to draw the attention of the shareholders to the fact that it views the proposed EGM as an unnecessary undertaking, which only serves as an ill-founded attempt by the requisitioners to take control of the Company without offering shareholders anything."
- Ends -
For further information, please contact:
Urals Energy Public Company Limited Alexei Maximov, Chief Executive Tel: +7 495 795 0300 Officer Sergey Uzornikov, Chief Financial www.uralsenergy.com Officer Allenby Capital Limited Nominated Adviser and Broker Nick Naylor Tel: +44 (0) 20 3328 5656 Alex Price www.allenbycapital.com
Media enquiries:
Abchurch Henry Harrison-Topham / Quincy Allan Tel: +44 (0) 20 7398 7702 quincy.allan@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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