Urals Energy places additional shares for top-management, packet valued at $380,900
MOSCOW. Jan 31 (Interfax) - Cyprus-based Urals Energy has placed an additional share issues equal to 1.3% of its expanded charter capital as part of a program for encouraging employees, the company said in a statement.
The company issued 3,194,914 new shares at a face value of $0.0063 each. The total issue at face value came to $20,127. Urals Energy's charter capital following the additional share issue now comes to 252,446,060 shares at a face value $0.0063 each.
The shares were issued for the company's top-managers - general director Alexei Maksimov, board chairman Leonid Dyachenko, and executive director Alexei Ogarev.
Therefore, Maksimov increased his stake to 1.92%, Dyachenko - 2.33%, and Ogarev - 1.4%.
Based on the closing quotation on the London Stock Exchange for the company's shares on January 30, the packet comes to around $380,900.
Urals Energy sold assets in the Republic of Komi in 2008-2009. In the second half of 2009, the company transferred 35.5% in LLC Taas-Yuryakh Neftegazdobycha and 99% in CJSC Oil Company Dulisma to top Russian bank Sberbank as compensation for unpaid loans. Therefore, the company only retains two assets, CJSC Petrosakh and CJSC Arktikneft. Urals Energy's net profit for 2011 came to $52.9 million.