/KASE, August 18, 2022/ – NOSTRUM OIL & GAS PLC (United Kingdom), whose shares
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press release dated August 17, 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, provides an update in relation to the Lock-Up Agreement dated 23 December
2021 (the "First Lock-Up Agreement") and its entry today into a replacement
lock-up agreement (the "Second Lock-Up Agreement").
Capitalised terms used but not defined in this announcement have the meaning
given to them in the explanatory statement issued by the Company in relation to
the Scheme on 21 June 2022.
The First Lock-Up Agreement and Lock-Up Fee
The First Lock-Up Agreement expired today, being the Longstop Date.
Any Noteholder which was entitled to receive the Lock-Up Fee in accordance with
the terms of the First Lock-Up Agreement shall receive such Lock-Up Fee on the
Restructuring Effective Date (if it occurs), provided that such Noteholder
continues to meet the requisite requirements under the First Lock-Up Agreement
to do so, including voting in favour of the Scheme by the applicable deadlines.
unquote
The complete press release is available on KASE website:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_170822.pdf – in Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_170822_en.pdf – in English.
[2022-08-18]