/KASE, November 19, 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 of November 18, 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
holders of 89.9% or $652,011,000 of Nostrum's subsidiary Nostrum Oil & Gas
Finance B.V.'s 8.0% Senior Notes due 2022 and of 88.7% or $355,115,000 of its
7.0% Senior Notes due 2025 (together, the "Notes") have executed or acceded to
the forbearance agreement dated 23 October 2020 with the Company and certain of
its subsidiaries (the "Forbearance Agreement").
Pursuant to the Forbearance Agreement, acceding holders, together with members
of an informal ad hoc committee of holders of the Notes (the "AHG") have agreed
to forbear from the exercise of certain rights and remedies that they have under
the indentures governing the Notes. The agreed forbearances include agreeing
not to accelerate the Notes' obligations as a result of the missed interest
payments (or the next missed interest periods if they occur prior to the expiry
of the Forbearance Agreement).
unquote
The full press release is available on:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_181120_1.pdf – in
Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_181120_en.pdf – in
English.
[2020-11-19]