/KASE, March 25, 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 March 22, 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
approval has been received from all the members of the informal ad hoc
noteholder group (the "AHG") to extend the expiry of the Forbearance Agreement
from 4 p.m. on 20 March 20, 2021 to 4 p.m. on 20 April, 2021.
On 23 October 2020, the Company announced that, together with certain of its
subsidiaries (the "Note Parties"), the Company had entered into a Forbearance
Agreement with the AHG. The forbearance period initially expired at 4 p.m. GMT
on 20 December 2020 (the "Initial Expiration Date"), at which time the Initial
Expiration Date automatically extended to 4 p.m. GMT on 18 February 2021 and
on that date was automatically extended again to 4 p.m. GMT on 20 March 2021.
Further extension of the forbearance period beyond 20 March, 2021 required the
approval of all of theforbearing members of the AHG.
The restructuring work is progressing and the Company will make further
announcements when appropriate.
unquote
The full press release is available on:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_220321_1.pdf – in
Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_220321_eng_1.pdf – in
English.
[2021-03-25]