Urals Energy Plc Regulatory News (UEN)

17 Dec 2007 16:00

Urals Energy Public Company Limited17 December 2007 Urals Energy Public Company Limited ('Urals Energy' or the 'Company') Results of EGM Urals Energy Public Company Limited (LSE: UEN), a leading independentexploration and production company with operations in Russia, reports theresults of the previously announced Extraordinary General Meeting of the Companyheld today at its registered address in Cyprus. At the Extraordinary General Meeting of the Company, the shareholders approved(1) the increase of the authorised share capital of the Company from 250,000,000ordinary shares of CY£0.0025 each to 300,000,000 ordinary shares of CY£0.0025each by the creation of an additional 50,000,000 ordinary shares, all of whichwill rank pari passu in all respects with the existing ordinary shares of thecapital of the Company; and (2) the disapplication of the pre-emption rights ofexisting members of the Company in relation to the 50,000,000 ordinary shares inthe Company for a period of two months; and that those shares be available to beallotted by the Board of Directors of the Company to Morgan Stanley SecuritiesLimited (or as it may direct) in connection with the previously announced shareplacement by the Company. The details of the proposals and the resolutions adopted are described in theshareholders circular dated 30 November 2007 which was sent to the Company'sshareholders and which is available on the Company's website. 17 December 2007 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 information is provided by RNS The company news service from the London Stock Exchange