/KASE, August 31, 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 26, 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, informs that, further to the announcement issued by the Company on 25
August 2022 regarding the Scheme Sanction Hearing on 26 August 2022, the
Court has today made an order sanctioning the Scheme (the "Scheme Sanction
Order").
The Scheme Sanction Order will allow the Scheme to take effect and bind
(amongst other parties) all Scheme Creditors and the Company by its terms,
subject to its lodgment with Companies House. Once this has occurred, the
Scheme will become effective in accordance with its terms and the
authorisations, instructions and obligations thereunder shall bind the Company
and all Scheme Creditors thereto. This will include the imposition of the
Scheme Standstill, which will restrict Noteholders from taking Enforcement
Action (and other related actions) in accordance with the terms described in
the Explanatory Statement. The Company will issue a further update in due
course.
unquote
The complete press release is available on KASE website:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_260822.pdf – in Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_260822_en.pdf – in English.
[2022-08-31]