United Energy Group plc
United Energy Group plc: Prime Minister of Republic of Srpska, Aleksander Džombić, Confirmed in Office / New Cabinet to Hold its First Session on February 3, 2011
United Energy Group Plc. / Key word(s): Miscellaneous/Miscellaneous 02.02.2011 / 13:13 Prime Minister of Republic of Srpska, Aleksander Džombić, Confirmed in Office / New Cabinet to Hold its First Session on February 3, 2011 Haslemere, United Kingdom - February 2, 2011 - The formation of a new government for the Republic of Srpska, a process that started in December 2010, has finally been concluded. According to a news release by the Official Gazette of the Government of the Republic of Srpska on January 31, 2011, the council of the Federal Constitutional Court rejected the complaint filed by the Bosniaks against Prime Minister Aleksander Džombić and confirmed him in office along with his cabinet. Die new government will come together for its first session on February 3, 2011, and the official appointment will have to be reconfirmed by the Official Gazette of the Government of the Republic of Srpska that same day. Aleksander Džombić, Prime Minister of the Republic of Srpska, already announced ahead of time that the government would immediately start operating at full capacity: 'The Constitutional Court ruled in our favour in every point. Still, it is regrettable that the Bosnians used this unfair procedure to intentionally keep the government from commencing its work - this has cost us an entire month, and unnecessarily so,' said Džombić. 'Once the Government of the Republic of Srpska is finally capable of acting, we expect to see shortly a government communiqué announcing the exclusion of the Greek Public Power Company (PPC) from the tendering procedure of the Government of the Republic of Srpska for the planned construction of four hydroelectric plants on the Upper Drina, and the opening of direct talks with international investors by the tender commission,' said Dr. Rolf Haferkamp, CEO of United Energy Group. 'This will ensure that only financially potent companies that meet the qualification criteria will be shortlisted for the selection of a strategic partner.' 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. End of Corporate News --------------------------------------------------------------------- 02.02.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 110925 02.02.2011
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