Urals Energy Public Company Limited Re Moscow office (6391V)

TIDMUEN

RNS Number : 6391V

Urals Energy Public Company Limited

16 December 2013

 
 16 December 2013

Urals Energy PCL

("Urals Energy" or the "Company")

Re Moscow office

Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, announces that its Moscow office was visited by police officers towards the end of last week. During the visit a number of files were removed. The directors of Urals Energy ("the Board") believe that the visit may be related to the requisitioned EGM (which is scheduled to be held on Monday 27 January 2014), the loan due from Mr. Vyatcheslav Rovneiko (as confirmed by a Court of Arbitration in London in 2012) and the alleged debt repayment agreement against the Company (details of which were announced on 23 October 2013). As previously announced, the Board has no reason to believe that the alleged debt repayment agreement is genuine and the Board notes that date for repayment of the amount concerned, being US$41,652,000, was 15 December 2013.

Further announcements will be made upon further information relating to the visit being forthcoming.

- 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 
                                 www.allenbycapital.com

Media enquiries:

 
 Abchurch 
 Henry Harrison-Topham / Shabnam     Tel: +44 (0) 20 7398 
  Bashir                                             7702 
 henry.ht@abchurch-group.com       www.abchurch-group.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCNKADPNBDDDBD

Urals Energy (LSE:UEN)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024