/KASE, February 5, 2021/ – 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 February 4, 2021:
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 the
Company and Mayfair Investments BV ("Mayfair"), a shareholder in the Company,
have by mutual agreement terminated the relationship agreement between them
dated 19 May 2014 (as adhered to by Mayfair on 30 January 2015) (the
"Relationship Agreement").
In the Relationship Agreement Nostrum had granted Mayfair the right to nominate
a director to the Company's Board of Directors and Mayfair had made various
undertakings to the Company designed to ensure that the Company is managed
independently of Mayfair. Nostrum and Mayfair mutually agreed to terminate the
Relationship Agreement given that Mayfair's shareholding in the Company reduced
significantly in May 2020 and in January 2021 Mayfair decided to cease to
nominate a director to the Company’s Board of Directors.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_040221_1.pdf – in
Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_040221_eng_1.pdf – in
English.
[2021-02-05]