"Oil Resource" Limited Liability Company (part of the "Kirillitsa" Group of Companies) begins the process of reorganization in the form of transformation into Joint-stock Company "Oil Resource". The corresponding decision has been published on the portal of the Corporate Information Disclosure Center.

The reorganization is an important stage in the company's development aimed at optimizing the corporate structure and increasing investment attractiveness. "Oil Resource" JSC will become the full legal successor of the reorganized company, all rights and obligations with respect to counterparties, creditors and debtors are retained in full.

"The transformation into a joint-stock company is a logical step in the implementation of our long-term development strategy. The new organizational legal form corresponds to the scale of our tasks, increases the transparency of capital management and opens up additional opportunities for future growth for the company,"

— Semyon Garagul, Director General of "Kirillitsa" Group of Companies, noted.

The only participant, "Kirillitsa" JSC, will exchange a 100% stake in the authorized capital of "Oil Resource" LLC for the corresponding block of shares in the joint-stock company. The powers of the sole executive body of "Oil Resource" JSC will be transferred to "Kirillitsa" as the managing organization for a period of 5 years.

The legal address of the company will remain unchanged: 98, Lenina street, 44, Kondrovo, Kaluga region, 249833.