NOSTRUM OIL & GAS PLC issues notice with proposal to creditors on settlement scheme

03.08.22 15:48
/KASE, August 3, 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 August 1, 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 confirms that further to the announcement dated 21 June 2022 regarding the Court order granting the Company permission to convene the Scheme Meeting and the subsequent issuance for information purposes of the Explanatory Statement and certain accompanying restructuring documentation (together with the Explanatory Statement, the "Scheme Documents") to the Scheme Creditors on the same date, it has now obtained all necessary Authorisations to hold the Scheme Meeting. Accordingly, the Company has today issued a notice (on the Scheme Portal (accessible via the Scheme Website at, inviting Scheme Creditors to submit their Account Holder Letters in accordance with the instructions set out in the Explanatory Statement (the "AHL Submission Notice"). The AHL Submission Notice also notifies Scheme Creditors of the dates: (1) by which they should block their Notes in the Clearing Systems for the purposes of submitting Account Holder Letters; (2) by which they should submit (or procure that their Account Holder submits on their behalf) their Account Holder Letters; and (3) on which the Scheme Meeting will be held. unquote The full version of the press release is available on KASE website: - – in Russian; - – in English. [2022-08-03]