6 Jun 2014 11:53
6 June 2014
VOLGA GAS PLC
Result of Annual General Meeting
Volga Gas plc ("Volga Gas" or "the Company"), the oil and gas exploration and production group operating in the Volga Region of Russia, announces that at its Annual General Meeting held earlier today, all resolutions put to shareholders were duly passed.
Among the resolutions passed was a Special Resolution that, subject to confirmation of the High Court, the share premium account of the Company be cancelled in its entirety and a corresponding amount be transferred to the Company's profit and loss account. A directions hearing has been arranged for 19 June 2014 and a final hearing for 2 July 2014, following which the capital reduction would, if approved by the Court, become effective upon filing of the Court order and a statement of capital with the Registrar of Companies.
ENDS
For additional information please contact:
Volga Gas plc | |
Mikhail Ivanov, Chief Executive Officer | +7 (495) 721 1233 |
Tony Alves, Chief Financial Officer | +44 (0) 20 8622 4451 |
Oriel Securities | |
Michael Shaw | +44 (0)20 7710 7600 |
FTI Consulting | |
Ed Westropp | +44 (0)20 3727 1521 |
Alex Beagley | +44 (0)20 3727 1045 |