Urals Energy Plc Regulatory News (UEN)

2 Jan 2008 17:16

Urals Energy Public Company Limited02 January 2008 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES Urals Energy Public Company Limited Over-Allotment Option Exercised Urals Energy Public Company Limited (the "Company") today announces that theover-allotment option granted by the Company in connection with its privateplacement of 32,857,000 new ordinary shares (the "Placement Shares") on 5December 2007 has been exercised in full by Morgan Stanley Securities Limited ("Morgan Stanley"), the Company's stabilising manager. The over-allotment option comprises 1,643,000 ordinary shares (the "Over-Allotment Shares") - equivalent to 5% of the Placement Shares. As a resultof the exercise the Company will, subject to admission of the Over-AllotmentShares, have a total of 176,763,478 ordinary shares in issue. The total grossproceeds of the private placement will now be approximately GBP 65.6 million(US$ 132.0 million). Morgan Stanley acted as lead manager in connection with the private placement. Application for admission of the Over-Allotment Shares has been made and it isexpected that admission will become effective and that dealings in theOver-Allotment Shares will commence on 8 January 2008. 2 January 2008 Enquiries:Pelham PRGavin Davis +44(0)20 7743 6677 / +44(0)7910 104 660Evgeniy Chuikov +44(0)20 3008 5506 / +44(0)7894 608 606 This announcement does not constitute an offer to sell or issue, or thesolicitation of an offer to buy or subscribe for, Placement Shares orOver-Allotment Shares in any jurisdiction including, without limitation, theUnited Kingdom, the United States, Australia, Canada or Japan. This announcementand the information contained herein is not for publication or distribution,directly or indirectly, to persons in the United States, Australia, Canada,Japan or in any jurisdiction in which such publication or distribution isunlawful. Neither the Placement Shares nor the Over-Allotment Shares referred to in thisannouncement have been nor will be registered under the US Securities Act of1933, as amended (the "Securities Act") or with any securities regulatoryauthority of any State or other jurisdiction of the United States, and may notbe offered, sold or transferred except pursuant to an exemption from, or in atransaction not subject to, the registration requirements of the Securities Act. The Placement Shares and Over-Allotment Shares are being offered and soldoutside the United States in accordance with Regulation S under the SecuritiesAct. The distribution of this announcement and the Placing and/or issue of thePlacement Shares or Over-Allotment Shares in certain jurisdictions may berestricted by law. No action has been taken by the Company, Morgan Stanley, orany of their respective affiliates that would permit an offer of the PlacementShares or Over-Allotment Shares or possession or distribution of thisannouncement or any other offering or publicity material relating to suchPlacement Shares or Over-Allotment Shares in any jurisdiction where action forthat purpose is required. Persons into whose possession this announcement comesare required by the Company and Morgan Stanley to inform themselves about and toobserve any such restrictions. Any indication in this announcement of the price at which ordinary shares in theCompany have been bought or sold in the past cannot be relied upon as a guide tofuture performance. Morgan Stanley is acting exclusively for the Company in connection with thePlacing and no-one else and will not be responsible to anyone other than theCompany for providing the protections afforded to their clients or for providingadvice in relation to the placement or any matter referred to in thisannouncement. This information is provided by RNS The company news service from the London Stock Exchange