Awarding of Restricted Stock
09 March 2006 - 7:51PM
UK Regulatory
RNS Number:5358Z
Urals Energy Public Company Limited
09 March 2006
Urals Energy Public Company Limited ('Urals Energy' or the 'Company')
Petrosakh Exploration Drilling and Operational Update and Corporate Update
Awards of Restricted Stock to Senior Managers and Directors
Urals Energy announces that on 7 February 2006, the Remuneration Committee
confirmed awards of restricted stock to certain senior managers and directors of
the Company and its subsidiaries, as detailed in the table below:
Director No. of Shares
Viatchislav V. Rovneiko 252,340
William R. Thomas 229,185
Leonid Y. Dyachenko 211,110
Gueorgui N. Ramzaitsev 37,530
Charles J. Pitman 37,530
In addition, a total of 794,030 shares have been awarded to six key officers of
the Company.
The awards of stock are fully restricted at the outset so that no recipient'
shares are vested until the earliest of January 1, 2007, assuming the person is
still associated with the Company, and thereafter the vesting periods vary but
generally are spread over three years.
The awards were made pursuant to the authority granted to the Remuneration
Committee and in line with the stated intention to grant no more than 5% of the
total outstanding shares of the Company pursuant to an incentive programme to be
adopted by the Directors and the Remuneration Committee.
9 March 2006
Pelham PR
James Henderson 020 7743 6673
Gavin Davis 020 7743 6677
This information is provided by RNS
The company news service from the London Stock Exchange
END
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