18th Sep 2009 12:21
URALS ENERGY PUBLIC COMPANY LIMITED
("Urals" or "the Company")
Appointment of Nominated Adviser and Broker
Update on Sberbank negotiations and Annual Accounts
Nominated Adviser and Broker
The Company is pleased to announce the appointment of Allenby Capital Limited as its Nominated Adviser and Broker with immediate effect.
Sberbank Negotiations
Further to the update of 3 August 2009, the Company continues to progress its work with Sberbank over the settlement of the remaining portion of the US$500million loan in relation to the Company's acquisition of the 35% stake in Taas Yuriakh which is subject to regulatory clearances and certain third party actions.
Annual Report and Accounts and Interim Report
The Annual Report and Accounts for the year ended 31 December 2008 and the Interim Report for the period ended 30 June 2009 will be published following completion of the transaction with Sberbank and the completion of certain other refinancing arrangements. Until the publication of the Report and Accounts and the Interim Report, trading in the Company's shares on AIM will remain suspended. In the event that the Annual Report and Accounts are not published by 31 December 2009, the Company will be delisted.
Further announcements will be made in due course.
18 September 2009
Enquiries:
Allenby Capital Limited +44 (0)20 7510 8600
Rod Venables
Pelham PR +44 (0)20 7337 1500
Mark Antelme
Evgeniy Chuikov
Related Shares:
Urals Energy Plc