Urals Energy Public Company Limited Result of Annual General Meeting (8713O)
10 November 2016 - 9:25PM
UK Regulatory
TIDMUEN
RNS Number : 8713O
Urals Energy Public Company Limited
10 November 2016
10 November 2016
Urals Energy Public Company Limited
("Urals Energy" or the "Company")
Result of Annual General Meeting
Urals Energy (AIM:UEN), the independent exploration and
production company with operations in Russia, is pleased to
announce that at the Company's Annual General Meeting held today
all resolutions proposed were duly passed.
Following today's approval by shareholders, the Board will now
seek to implement the Company's Performance Share Plan (as
described in the Company's announcement of 11 October 2016).
Further announcements in this regard will be made as
appropriate.
At the Annual General Meeting Andrew Shrager, Urals Energy's
Chairman, made the following statement:
"We remain confident in our chosen strategy, as laid out in the
report and accounts for the year ended 31 December 2015. Over the
course of 2015 and 2016 we have developed a significant portfolio
of additional proven and probable reserves and will continue to
pursue new development plans and seek operational efficiencies
wherever possible. We remain cautious in the current environment,
and whilst oil prices and exchange rates may present medium-term
challenges, we believe that we have gained a strengthened position
for when conditions in the oil markets improve. We are confident
that through our strategy we can build significant longer-term
value for all of our stakeholders and look forward to updating the
market as we progress our strategy."
- Ends -
For further information, please contact:
Urals Energy Public Company
Limited
Andrew Shrager, Chairman Tel: +7 495 795
Leonid Dyachenko, Interim 0300
Chief Executive Officer
Sergey Uzornikov, Chief www.uralsenergy.com
Financial Officer
Allenby Capital Limited
Nominated Adviser and Broker
Nick Naylor / Alex Brearley Tel: +44 (0) 20
3328 5656
www.allenbycapital.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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