26th Jan 2009 10:44
26 January 2009
Urals Energy Public Company Limited
('Urals Energy' or the 'Company')
Result of EGM
Urals Energy reports the result of the previously announced Extraordinary General Meeting of the Company held today at its registered address in Cyprus.
At the Extraordinary General Meeting of the Company, the shareholders approved the resolution for the transfer by the Company of its ownership interests in ZAO Oil Company Dulisma and OOO Taas Yuriakhneftegazodobycha to OOO Sberbank Capital or another affiliate of OAO Sberbank in consideration of the full and final release and discharge of all of the Company's outstanding obligations to OAO Sberbank under and pursuant to its loan agreements with the bank.
The details of the proposals and the resolution adopted are described in the shareholders circular dated 9 January 2009 which was sent to the Company's shareholders and which is available on the Company's website, www.uralsenergy.com.
Enquiries:
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Pelham PR |
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Evgeniy Chuikov |
+44(0)20 3008 5506 |
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Mark Antelme |
+44(0)20 3178 6242 |
Related Shares:
Urals Energy Plc