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Volga Gas PLC  -  VGAS   

Result of AGM

Released 11:53 06-Jun-2014

RNS Number : 0504J
Volga Gas PLC
06 June 2014

6 June 2014



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.




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



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Result of AGM - RNS