01 July 2016
Urals Energy PCL ("Urals Energy" or the "Company")
Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, has today been notified that Andrew Shrager, Non-Executive Chairman, yesterday acquired 100,000 ordinary shares of US$0.0063 each in the Company ("Ordinary Shares"), at a price of 1.75 pence per Ordinary Share and today acquired 150,000 Ordinary Shares at a price of 2 pence per Ordinary Share. These acquisitions of Ordinary Shares were made via Hillsilk Limited, a company that is controlled by Andrew Shrager.
Following these purchases, Andrew Shrager has a total beneficial interest in 2,340,500 Ordinary Shares in Urals Energy, representing 0.93% of the Company's issued ordinary share capital.
For further information, please contact:
Urals Energy Public Company Limited
Andrew Shrager, Chairman
Leonid Dyachenko, Interim Chief Executive Officer
Tel: +7 495 795 0300, www.uralsenergy.com
Allenby Capital Limited, Nominated Adviser and Broker
Nick Naylor / Alex Brearley
Tel: +44 (0) 20 3328 5656, www.allenbycapital.com