/KASE, January 19, 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 January 18, 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, today announces an update to the lock-up agreement (the "Lockup
Agreement") entered into with respect to a restructuring of the 8.0% Senior
Notes due 2022 and 7.0% Senior Notes due 2025 in each case issued by Nostrum
Oil&Gas Finance B.V. (together, the "Notes"). A fee of 50 bps, payable upon
consummation of the restructuring, was offered to each noteholder that was
originally party to the Lock-up Agreement or that acceded to the Lock-up
Agreement within 22 days of its execution (i.e. by 14 January 2022).
Following the original accession period, holders of approximately 76.29% of the
2022 Notes and 80.35% of the 2025 Notes had signed or acceded to the Lock-up
Agreement, which comprises approximately 77.73% of the total aggregate principal
amount of both series of Notes.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_180122.pdf – in
Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_180122_en.pdf – in
Ebglish.
[2022-01-19]