NOSTRUM OIL & GAS PLC provides update on noteholder discussions of Nostrum Oil & Gas Finance B.V.

26.08.20 15:47
/KASE, August 26, 2020/ – 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, 2020: quote Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or "the Company"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces that Nostrum is engaged in advanced discussions with the financial and legal advisers to a steering committee of holders of the Notes, namely PJT Partners (UK) Limited and Akin Gump Strauss Hauer & Feld, respectively, with a view to entering into a forbearance agreement with certain holders of the Notes in relation to the interest payments referred to below, which Nostrum believes is in the best interest of all stakeholders. If and once such forbearance agreement is entered into, Nostrum will make an announcement inviting all other holders of its Notes (as defined below) to join that agreement within a specified period of time. unquote Full press release is available at: - – in Russian; - – in English. [2020-08-26]