/KASE, April 15, 2022/ – NOSTRUM OIL & GAS PLC (London), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following communique dated April 13, 2022:
quote
Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or "the Company" and together
with its subsidiaries, the "Group") an independent oil and gas company engaging
in the production, development and exploration of oil and gas in the
pre-Caspian Basin, announces that the Financial Conduct Authority has today
approved the Company's shareholder circular (the "Circular") in relation to the
proposed restructuring of the Group's US$725 million 8.0% Senior Notes due July
2022 and the US$400 million 7.0% Senior Notes due February 2025 as announced on
13 April 2022 (the "Restructuring"), and the related party transactions with
ICU Holdings Limited ("ICU") in respect of certain new ordinary shares in the
capital of the Company to be issued to ICU pursuant to the Restructuring (the
"RPT Arrangements").
The Company has today published the Circular, which will be sent or made
available to the Company's shareholders shortly. The Circular contains further
information on the Restructuring and the RPT Arrangements and a notice
convening a General Meeting of the Company's shareholders at 10:00 a.m. on 29
April 2022 at the offices of White & Case LLP, 5 Old Broad Street, London, EC2N
1DW (the "General Meeting"), to consider and approve the resolutions in respect
of the Restructuring and the RPT Arrangements.
Completion of the Restructuring is conditional upon, amongst other things, the
approval of the Company's shareholders and requires shareholders who together
represent at least threequarters of the Company's shares voted at the General
Meeting to vote to approve the special resolution to be put to the General
Meeting. The RPT Arrangements are conditional upon the approval of independent
shareholders and require the Company's shareholders (other than ICU and its
associates) who together represent a simple majority of the shares of such
independent shareholders voted at the General Meeting to vote to approve the
ordinary resolution to be put to the General Meeting.
unquote
The complete notice is available on KASE website:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_130422_1.pdf – in
Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_%20130422_2en.pdf –
in English.
[2022-04-15]