Urals Energy Public Company Limited Board change (8384Z)
December 16 2014 - 1:00AM
UK Regulatory
TIDMUEN
RNS Number : 8384Z
Urals Energy Public Company Limited
16 December 2014
Press Release 16 December 2014
Urals Energy PCL
("Urals Energy" or the "Company")
Board change
Urals Energy PCL (AIM:UEN), the independent exploration and
production company with operations in Russia, announces that Mrs
Inga Srenger has notified the Board of Urals Energy (the "Board")
of her decision to resign from the Board with immediate effect.
Mrs Srenger has informed the Board that her decision is due to
the need for her to focus on running Petraco Oil Company LLP, of
which she is the Chief Executive Officer. The Company and Petraco
Oil Company LLP intend to continue their business relationship
which has been in place for 15 years.
The Board would like to thank Mrs Srenger for her contribution
as a non executive director.
As previously announced, it is anticipated that in the New Year
two new non executive directors will be nominated to the Board by
Adler Impex SA, the Company's largest shareholder. The appointment
of these new non executive directors will be subject to usual
checks and approvals. In the New Year, the Company will also start
a process to recruit a new Chief Executive Officer, which may take
some months to achieve. Once these new Board appointments are made
Mr L Dyachenko, the interim CEO and Mr A Ogarev, executive
director, will retire from the Board.
- Ends -
For further information, please contact:
Urals Energy Public Company
Limited
Andrew Shrager, Chairman Tel: +7 495 795
0300
Leonid Dyachenko, Interim www.uralsenergy.com
Chief Executive Officer
Allenby Capital Limited
Nominated Adviser and Broker
Nick Naylor Tel: +44 (0) 20
3328 5656
Alex Price www.allenbycapital.com
Media enquiries:
Abchurch
Henry Harrison-Topham / Tel: +44 (0) 20
Quincy Allan 7398 7710
quincy.allan@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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