On February 14, 2019, Urals Energy Public Company Limited provided an update for its shareholders in respect of the Company's operational and financial position, the resignation of the Company's nominated adviser and the suspension of trading in the Company's shares on AIM. The Company added that the Proposed Directors have been given access to certain financial information on the Company but have not as yet provided information as to their strategy for the Group (including addressing the Company's significant working capital challenges) should the resolutions be passed at the EGM. The Board recommend that shareholders vote against all the resolutions proposed by Adler Impex SA at the EGM for the reasons set out in the circular dated December 28, 2018.