Urals Energy Public Company Limited Requisition of General Meeting (1364K)
11 December 2018 - 11:58PM
UK Regulatory
TIDMUEN
RNS Number : 1364K
Urals Energy Public Company Limited
11 December 2018
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
11 December 2018
Urals Energy Public Company Limited
("Urals Energy", the "Company" or the "Group")
Requisition of General Meeting
The board of directors of Urals Energy (the "Board"), the
independent exploration and production company with operations in
Russia, announces that the Company has received a letter from Adler
Impex S.A. (the "Requisitioner") regarding a purported requisition
for Urals Energy to convene an extraordinary general meeting of the
Company (the "EGM") to propose a number of resolutions (the
"Resolutions") as outlined further below.
The Requisitioner's letter informs the Company that the
Requisitioner is the registered holder of 5,628,069 ordinary shares
in the capital of the Company, which represents 44.59% of the
Company's voting rights. As indicated in previous recent
announcements, the Board believes that the Requisitioner is owned
by a trust for the benefit of the family of Mr. Kononov.
A summary of the Resolutions proposed within the Requisitioner's
letter is as follows:
1. The removal of the Non-Executive Director of the Company, Mr.
Andrew Henry Shrager, from the Board, with immediate effect;
2. The removal of the Executive Director of the Company, Mr.
Leonid Y. Dyachenko from the Board with immediate effect;
3. The removal of the Non-Executive Director of the Company, Mr.
Stephen Myers Buscher, from the Board with immediate effect;
4. The appointment of Mr. Vladimir Rusinov to the position of a
Director of the Company with immediate effect;
5. The appointment of Mr. Alexey Maximov to the position of a
Director of the Company with immediate effect;
6. The appointment of Mr. Vasily Mesheryakov to the position of
a Director of the Company with immediate effect;
7. The appointment of Mr. Jean-Pascal Hilaire Peltier to the
position of a Director of the Company with immediate effect.
If all Resolutions were to be passed at an EGM, then the
Company's board of directors would consist solely of Mssrs.
Rusinov, Maximov, Mesheryakov and Peltier (the "Proposed
Directors"). With the exception of their passport numbers, no
biographical or other due diligence information has been provided
by the Requisitioner in respect of the Proposed Directors, although
the Board notes that Mr Maximov is the former Chief Executive
Officer of the Company.
Under the AIM Rules for Companies regarding the appointment of
new directors, the Company's nominated adviser is required to
undertake customary due diligence and satisfy itself as to the
suitability of any new directors, with a view to determining that
the Company is suitable to be a Company with shares admitted to
AIM.
Urals Energy is currently seeking advice in relation to the
validity of the purported requisition and the appropriate next
steps under Cyprus law (including the timescale for convening an
EGM).
Further announcements will be made in due course.
- Ends -
For further information, please contact:
Urals Energy Public Company Limited
Andrew Shrager, Chairman Tel: +7 495 795 0300
Leonid Dyachenko, Chief Executive 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCBDBDDXUBBGIB
(END) Dow Jones Newswires
December 11, 2018 07:58 ET (12:58 GMT)
Urals Energy (LSE:UEN)
Historical Stock Chart
From Oct 2024 to Nov 2024
Urals Energy (LSE:UEN)
Historical Stock Chart
From Nov 2023 to Nov 2024
