Corporate News
United Energy Group plc Units Tradable at Berlin Stock Exchange
Haslemere, United Kingdom - November 14, 2011 - Units of United Energy Group plc (WKN German securities code number: A0MSRR / code: UTX1) will temporarily be available for trading at the Berlin stock exchange only.
In compliance with the changed listing rules of the Frankfurt Stock Exchange for companies listed on the open market, United Energy Group Plc (UEG) compiled a comprehensive listing prospectus. At the moment, the prospectus is in the process of being approved by the Financial Services Authority (FSA). While the approval is expected shortly, it will not be available in time for the deadline set by the Frankfurt Stock Exchange (November 15, 2011). The delay is explained by the high number of prospectuses submitted by companies operating on the open market, straining the capacity of the UK authority.
As soon as the approval of the UEG prospectus by the FSA has been received, UEG units will trade again at the stock exchanges of both Berlin and Frankfurt and via Xetra. Meanwhile, UEG units may be traded at the Berlin stock exchange (www.boerse-berlin.de) on any German trading day between 08:00 and 20:00 CET.
United Energy Group plc
United Energy Group plc is an independent listed energy
company. Formed in 2006, the company focused initially on
the area of energy production. During the past two years,
UEG underwent substantial redevelopment, and operates now
in the business areas of Energy Consulting, Energy Trading,
and Energy Investments. The company has thereby responded
to global market trends as it seeks to make a significant
contribution to the energy supply sector, and to help meet
the growing energy needs worldwide.
Forward-Looking Statements
This communication may contain certain forward-looking
statements that include declarations of intent, strategies
and opinions relating to the future and to the expectations
of United Energy Group and its subsidiaries. Any statement
contained herein is based on information available on the
respective day to the management of UEG; and actual events,
may vary depending on the occurrence of future events that
may or may not be subject to the management's control,
including risks and uncertainty factors that may cause the
actual outcome to deviate considerably. Such risks and
factors include, without being limited to, ramifications
that acquisitions may have for the company and its capital
structure, exploratory findings, market conditions, the
stability of mineral oil and natural gas prices, the
uncertainty factors inherent in the operative business of
mineral oil and natural gas production, unexpected future
investment requirements, competition, statutory provisions,
and other factors.