TIDMUEN
RNS Number : 6673U
Urals Energy Public Company Limited
20 January 2017
20 January 2017
Urals Energy Public Company Limited
("Urals Energy", the "Company" or the "Group")
Grants of conditional share awards under performance share
plan
Notification of transactions by directors/persons discharging
managerial responsibilities
Further to the announcements made on 11 October 2016 and 10
November 2016, the board (the "Board") of Urals Energy PCL (AIM:
UEN), the independent exploration and production company with
operations in Russia, announces the granting of conditional share
awards ("Conditional Share Awards") over a total of 13,127,193 new
ordinary shares of US$0.0063 each in the capital of the Company
(the "Performance Shares"), pursuant to the Company's performance
share plan (the "Performance Share Plan").
Grants of Conditional Share Awards have been made to a total of
seven employees, including members of the Company's Board and
certain key employees within the Group's subsidiaries. In
aggregate, the Performance Shares represent 5.2 per cent of the
Company's current issued ordinary share capital. For the time
being, the Board intends to retain the balance of a further 4.9 per
cent of the Company's current issued ordinary share capital, which
is approved under the Performance Share Plan.
The Conditional Share Awards will only vest once the Board has
determined that certain key performance indicators ("KPIs")
allocated to the individuals have been achieved. The KPIs in all
cases relate to performance in the underlying operations and
developments achieved by the Group over the three years. The Board
has rejected linking the KPIs to the share price of the Company in
absolute terms or relative to its peers, as the Board believes that
this can be influenced by the outcome of multiple factors, many of
which are not fair reflections of the performance of the
individuals.
Mr Leonid Dyachenko, Chief Executive Officer has been granted
3,844,947 Conditional Share Awards. Mr Sergey Uzornikov, Chief
Financial Officer has been granted 1,201,546 Conditional Share
Awards. Mr Andrew Shrager, Chairman, has been granted 1,201,546
Conditional Share Awards. Mr Stephen Buscher, Non-Executive
Director, has been granted 631,115 Conditional Share Awards. In
addition Conditional Share Awards have been made to the non-Board
employees set out below:
Name of Participant Date of Grant Role Number of Conditional
Share Awards granted
--------------------- ----------------- ----------------------------- ----------------------
President of the Management
company Urals Energy
Mr Sergey Kononov 19 January 2017 LLC 3,844,947
--------------------- ----------------- ----------------------------- ----------------------
Vice President Exploration
Mr Anton Babak 19 January 2017 & Production 1,201,546
--------------------- ----------------- ----------------------------- ----------------------
Mr Vasily Nikoluk 19 January 2017 Vice President Geology 1,201,546
--------------------- ----------------- ----------------------------- ----------------------
The Company's Performance Share Plan was approved by
shareholders on 10 November 2016. Further details of the
Performance Share Plan can be found in the Company's announcement
of 11 October 2016. The FCA notification, made in accordance with
the requirements of the EU Market Abuse Regulation is appended
below and gives further details on the Conditional Share Award
grants for directors and persons discharging managerial
responsibilities.
Andrew Shrager, Chairman, commented: "As recently announced, we
believe that the time is right to start making preparations for a
significant step up in the development of our reserves, both those
long held and those resulting from our recent acquisitions and new
licence awards. It is important therefore that we have strong
incentives for our key managers to ensure that we can fulfil our
plans effectively".
- Ends -
For further information, please contact:
Urals Energy Public Company Limited
Andrew Shrager, Chairman Tel: +7 495 795 0300
Leonid Dyachenko, Chief Executive
Officer
Sergey Uzornikov, Chief Financial
Officer
www.uralsenergy.com
Allenby Capital Limited
Nominated Adviser and Broker
Nick Naylor / Alex Brearley Tel: +44 (0) 20 3328
5656
www.allenbycapital.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- --------------------------------------------------------------------------
a) Name Leonid Dyachenko
--- -------------------------------- ----------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status Director - Chief Executive Officer
--- -------------------------------- ----------------------------------------
b) Initial notification /Amendment Initial notification
--- -------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- --------------------------------------------------------------------------
a) Name Urals Energy Public Company Limited
--- -------------------------------- ----------------------------------------
b) LEI Not available
--- -------------------------------- ----------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--- --------------------------------------------------------------------------
a) Description of the financial Ordinary shares of US$0.0063 in
instrument, type of instrument Urals Energy Public Company Limited.
Identification code Identification code (ISIN) for Urals
Energy Public Company Limited ordinary
shares: CY0000111027
--- -------------------------------- ----------------------------------------
b) Nature of the transaction Grant of nil cost Conditional Share
Awards to acquire Urals Energy Public
Company Limited new ordinary shares
at a future release date under the
Company's Performance Share Plan
--- -------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- --------------
0.00 3,844,947
Conditional
Share Awards
--------- --------------
--- -------------------------------- ----------------------------------------
d) Aggregated information Single transaction as in 4 c) above.
- Aggregated volume 3,844,947 Conditional Share Awards
- Price to acquire Urals Energy Public Company
Limited new ordinary shares for
no cost at a future release date
were granted.
--- -------------------------------- ----------------------------------------
e) Date of the transaction 19 January 2017
--- -------------------------------- ----------------------------------------
f) Place of the transaction Outside of trading venue - grant
of Conditional Share Awards
--- -------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- --------------------------------------------------------------------------
a) Name Sergey Uzornikov
--- -------------------------------- ----------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status Director - Chief Financial Officer
--- -------------------------------- ----------------------------------------
b) Initial notification /Amendment Initial notification
--- -------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- --------------------------------------------------------------------------
a) Name Urals Energy Public Company Limited
--- -------------------------------- ----------------------------------------
b) LEI Not available
--- -------------------------------- ----------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--- --------------------------------------------------------------------------
a) Description of the financial Ordinary shares of US$0.0063 in
instrument, type of instrument Urals Energy Public Company Limited.
Identification code Identification code (ISIN) for Urals
Energy Public Company Limited ordinary
shares: CY0000111027
--- -------------------------------- ----------------------------------------
b) Nature of the transaction Grant of nil cost Conditional Share
Awards to acquire Urals Energy Public
Company Limited new ordinary shares
at a future release date under the
Company's Performance Share Plan
--- -------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- --------------
0.00 1,201,546
Conditional
Share Awards
--------- --------------
--- -------------------------------- ----------------------------------------
d) Aggregated information Single transaction as in 4 c) above.
- Aggregated volume 1,201,546 Conditional Share Awards
- Price to acquire Urals Energy Public Company
Limited new ordinary shares for
no cost at a future release date
were granted.
--- -------------------------------- ----------------------------------------
e) Date of the transaction 19 January 2017
--- -------------------------------- ----------------------------------------
f) Place of the transaction Outside of trading venue - grant
of Conditional Share Awards
--- -------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- --------------------------------------------------------------------------
a) Name Andrew Shrager
--- -------------------------------- ----------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status Director - Chairman
--- -------------------------------- ----------------------------------------
b) Initial notification /Amendment Initial notification
--- -------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- --------------------------------------------------------------------------
a) Name Urals Energy Public Company Limited
--- -------------------------------- ----------------------------------------
b) LEI Not available
--- -------------------------------- ----------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--- --------------------------------------------------------------------------
a) Description of the financial Ordinary shares of US$0.0063 in
instrument, type of instrument Urals Energy Public Company Limited.
Identification code Identification code (ISIN) for Urals
Energy Public Company Limited ordinary
shares: CY0000111027
--- -------------------------------- ----------------------------------------
b) Nature of the transaction Grant of nil cost Conditional Share
Awards to acquire Urals Energy Public
Company Limited new ordinary shares
at a future release date under the
Company's Performance Share Plan
--- -------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- --------------
0.00 1,201,546
Conditional
Share Awards
--------- --------------
--- -------------------------------- ----------------------------------------
d) Aggregated information Single transaction as in 4 c) above.
- Aggregated volume 1,201,546 Conditional Share Awards
- Price to acquire Urals Energy Public Company
Limited new ordinary shares for
no cost at a future release date
were granted.
--- -------------------------------- ----------------------------------------
e) Date of the transaction 19 January 2017
--- -------------------------------- ----------------------------------------
f) Place of the transaction Outside of trading venue - grant
of Conditional Share Awards
--- -------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- --------------------------------------------------------------------------
a) Name Stephen Buscher
--- -------------------------------- ----------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status Director - Non-Executive Director
--- -------------------------------- ----------------------------------------
b) Initial notification /Amendment Initial notification
--- -------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- --------------------------------------------------------------------------
a) Name Urals Energy Public Company Limited
--- -------------------------------- ----------------------------------------
b) LEI Not available
--- -------------------------------- ----------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--- --------------------------------------------------------------------------
a) Description of the financial Ordinary shares of US$0.0063 in
instrument, type of instrument Urals Energy Public Company Limited.
Identification code Identification code (ISIN) for Urals
Energy Public Company Limited ordinary
shares: CY0000111027
--- -------------------------------- ----------------------------------------
b) Nature of the transaction Grant of nil cost Conditional Share
Awards to acquire Urals Energy Public
Company Limited new ordinary shares
at a future release date under the
Company's Performance Share Plan
--- -------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- --------------------
0.00 631,115 Conditional
Share Awards
--------- --------------------
--- -------------------------------- ----------------------------------------
d) Aggregated information Single transaction as in 4 c) above.
- Aggregated volume 631,115 Conditional Share Awards
- Price to acquire Urals Energy Public Company
Limited new ordinary shares for
no cost at a future release date
were granted.
--- -------------------------------- ----------------------------------------
e) Date of the transaction 19 January 2017
--- -------------------------------- ----------------------------------------
f) Place of the transaction Outside of trading venue - grant
of Conditional Share Awards
--- -------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- --------------------------------------------------------------------------
a) Name Sergey Kononov
--- -------------------------------- ----------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status President of Urals Energy LLC
--- -------------------------------- ----------------------------------------
b) Initial notification /Amendment Initial notification
--- -------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- --------------------------------------------------------------------------
a) Name Urals Energy Public Company Limited
--- -------------------------------- ----------------------------------------
b) LEI Not available
--- -------------------------------- ----------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--- --------------------------------------------------------------------------
a) Description of the financial Ordinary shares of US$0.0063 in
instrument, type of instrument Urals Energy Public Company Limited.
Identification code Identification code (ISIN) for Urals
Energy Public Company Limited ordinary
shares: CY0000111027
--- -------------------------------- ----------------------------------------
b) Nature of the transaction Grant of nil cost Conditional Share
Awards to acquire Urals Energy Public
Company Limited new ordinary shares
at a future release date under the
Company's Performance Share Plan
--- -------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- --------------
0.00 3,844,947
Conditional
Share Awards
--------- --------------
--- -------------------------------- ----------------------------------------
d) Aggregated information Single transaction as in 4 c) above.
- Aggregated volume 3,844,947 Conditional Share Awards
- Price to acquire Urals Energy Public Company
Limited new ordinary shares for
no cost at a future release date
were granted.
--- -------------------------------- ----------------------------------------
e) Date of the transaction 19 January 2017
--- -------------------------------- ----------------------------------------
f) Place of the transaction Outside of trading venue - grant
of Conditional Share Awards
--- -------------------------------- ----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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