Press Releases

The announcement of the auction of the shares of Selena Oil & Gas AB

18.04.2013

 

The announcement of the auction of the shares of Selena Oil & Gas AB
 
Selena Oil & Gas Holding AB (publ) can confirm that the shares of its 100% subsidiary Selena Oil & Gas AB are subject to the auction on 26 April 2013. The auction is arranged by Bryum Limited UK pledgee to recover its loan obligations. 
 
Bryum Limited UK is a creditor of Selena Oil & Gas AB on the basis of loans granted in the principal amount of USD 2,158 million, secured by 100% pledge of shares in Selena Oil & Gas AB.  
 
Selena Oil & Gas Holding AB (publ) is currently investigating the matter and intends to proceed with the legal action to dispute the legitimacy of the pledge arranged by the previous board and to cancel or postpone the auction announced.  Selena Oil & Gas Holding AB (publ) is also intending to arrange for EGM to address the composition of the board and to appoint a new CEO in due course.
 
For further information please contact:
 
Aleksejs Rjabijs, Director
tel: +371 25931663, 
e-mail: aleksey.ryabiy@gmail.com
 
 
 
Selena Oil & Gas Holding AB (publ) (former Emitor Holding AB) is engaged in the production and transportation of oil and gas in the Volga-Ural region in the Russian Federation, including Perm and Udmurtia. The company is listed on NASDAQ OMX First North Premier in Stockholm under the ticker SOGH. Mangold Fondkommission is the company´s Certified Adviser and liquidity provider, telephone +46 8-503 015 50
 

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