Award of Restricted Stock
January 26 2007 - 5:26AM
UK Regulatory
RNS Number:1973Q
Urals Energy Public Company Limited
26 January 2007
Urals Energy Public Company Limited
26 January 2007
Urals Energy Public Company Limited
("Urals Energy" or the "Company")
Award of Restricted Stock to Directors and Key Personnel
Urals Energy announces that on 25 January 2007, the Compensation Committee of
the Board of Directors confirmed awards of restricted stock to Directors and
certain key personnel of the Company and its subsidiaries, as follows:
Directors No. of Shares
L. Y. Dyachenko 403,834
C. J. Pitman 77,426
W. R. Thomas 430,144
In addition, a total of 1,436,394 shares have been awarded to fourteen other key
personnel.
The awards of stock are fully restricted at the outset so that no recipients'
shares are vested until the earliest of 1 January, 2008, assuming the person is
still associated with the Company, and thereafter vesting periods are spread
over three years.
The awards were made pursuant to the authority granted to the Compensation
Committee and in line with the Company's stated intention to grant shares of the
Company pursuant to an incentive program adopted by the Directors and the
Compensation Committee.
Enquiries:
Pelham PR
James Henderson 020 7743 6673
Evgeniy Chuikov 020 3008 5506
This information is provided by RNS
The company news service from the London Stock Exchange
END
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