Petraco debt restructuring - results of EGM
April 29 2010 - 4:14AM
UK Regulatory
TIDMUEN
RNS Number : 0233L
Urals Energy Public Company Limited
29 April 2010
29 April 2010
Urals Energy Public Company Limited
('Urals Energy' or the 'Company')
Petraco debt restructuring - results of EGM
Urals Energy, the AIM listed independent exploration and production company with
operations in Russia, is pleased to announce that all of the resolutions put to
shareholders at the Extraordinary General Meeting held earlier today have been
passed.
As a result the restructuring agreement between Urals Energy with Petraco Oil
Company Limited (the "Restructuring Agreement") has become unconditional.
Further details of the Restructuring Agreement are contained in the letter to
shareholders dated 12 April 2010.
Enquiries:
+----------------------------------+--------------------------------+
| | |
| Allenby Capital Limited | +44 (0)20 3328 5656 |
+----------------------------------+--------------------------------+
| Nick Naylor | |
| Alex Price | |
+----------------------------------+--------------------------------+
| | |
+----------------------------------+--------------------------------+
| Pelham Bell Pottinger | +44 (0)20 7337 1500 |
+----------------------------------+--------------------------------+
| Mark Antelme | |
+----------------------------------+--------------------------------+
| Evgeniy Chuikov | |
+----------------------------------+--------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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