Ukrproduct Regulatory News (UKR)

25 Jan 2008 15:13

Ukrproduct Group Ltd25 January 2008 Ukrproduct Group Limited ("UKR" or the "Company") Notice of Extraordinary General Meeting The Directors of the Company confirm today that they have dispatched a notice ofEGM to convene a meeting of shareholders at 39-41 Shota Rustaveli Street, 14thfloor, Kyiv 01033 Ukraine on Thursday 21 February 2008 at 5 pm. At the meeting, the following business is proposed: Resolution. THAT the Company be and is hereby unconditionally and generallyauthorised for the purposes of article 57 of the Companies (Jersey) Law 1991, asamended, to make one or more purchases of ordinary shares of £0.10 each in thecapital of the Company ("Ordinary Shares") which are trading on AIM, a market ofthe London Stock Exchange, provided that: (a) the maximum aggregate number of Ordinary Shares hereby authorised to be purchased is 1,500,000 representing 3% of the Company's authorised Ordinary Share capital; (b) the minimum price (exclusive of expenses) which may be paid for each Ordinary Share is 53.5 pence; (c) the maximum price (exclusive of expenses) which may be paid for an Ordinary Share is an amount equal to no more than 3% above the average of the closing price for an Ordinary Share as derived from AIM for the five business days immediately preceding the day on which the Ordinary Share is contracted to be purchased; (d) unless previously revoked or varied, this authority shall expire at the conclusion of the next annual general meeting of the Company or on 1 July 2008, whichever is the earlier; and (e) a contract to purchase Ordinary Shares under this authority may be made prior to the expiry of this authority, and concluded in whole or in part after the expiry of this authority." The share purchases will be conducted in line with the requirements of theCompanies (Jersey) Law 1991 (as amended). A copy of the Notice of EGM can be found on the Company's websitewww.ukrproduct.com For further information, please contact: Dmitry Dragun, Ukrproduct Group Ltd +380 44 531-1389David Youngman, WH Ireland Limited +44 161 832 2714 This information is provided by RNS The company news service from the London Stock Exchange