VGAS.L Regulatory News (VGAS)

25 Apr 2007 07:01

Volga Gas plc25 April 2007 25 April, 2007 FOR IMMEDIATE RELEASE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, RUSSIA, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR THE REPUBLIC OF IRELAND VOLGA GAS PLC STABILISATION NOTICE 25 April 2007 The London Stock Exchange10 Paternoster SquareLondon, EC4M 7LS Dear Sirs Volga Gas plc - Placing of 20,833,333 ordinary shares of 1p each Stabilisation Notice Pursuant to Core Dealing Rule 3060-3061, KBC Peel Hunt Ltd hereby notifies theLondon Stock Exchange that it and its affiliates may stabilise the offering ofthe ordinary shares of 1p each of Volga Gas plc: 1. Security to be stabilised: ordinary shares of 1p each of Volga Gas plc ("Shares"); 2. Security Identifier: ISIN Code: GB00B1VN4809; 3. Stabilising Manager: KBC Peel Hunt Ltd (a member firm) (Contact - Marianne Woods at +44 20 7418 8890); 4. Stabilisation period commences: 25 April 2007 at approximately 08:00am London time; 5. Stabilisation period ends: Close of business on 24 May 2007; 6. Offer price: US$6 (approx £3 per share); and 7. Over-allotment option is equivalent to 8% of the offering - 1,666,667 Shares. Yours faithfully KBC Peel Hunt Ltd This information is provided by RNS The company news service from the London Stock Exchange