/KASE, November 22, 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 November 21, 2022:
quote
Nostrum Oil & Gas PLC (LSE: NOG) (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,
informs that, further to the announcement issued by the Company on 4 November
2022, the Company has successfully effected the Extension (as defined below).
The Company has not yet received the Required Licences (or any confirmations
that such licences are not required) necessary to implement the Restructuring.
The Company has amended the definition of "Longstop Date" in the Scheme
(pursuant to Clause 8.1 thereof) and the Implementation Deed (pursuant to Clause
16.1 thereof) to 16 February 2023 (the "Extension"). The Extension was approved
by Noteholders constituting the Majority Scheme Creditors and was effected on 21
November 2022. The Company also intends to make equivalent amendments to
the definition of "Longstop Date" in the lock-up and forbearance arrangements
relating to the Restructuring.
The amended Scheme and Implementation Deed have been posted to the
Scheme Website. No other amendments were made to the terms of the Scheme or
the Restructuring in connection with the Extension.
The Company continues to engage with the relevant sanctions authorities in the
United Kingdom, the Netherlands and Guernsey with respect to obtaining the
outstanding Required Licences. The Company believes it has provided all required
information to such authorities.
unquote
The complete press release is available on KASE website:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_211122.pdf – in Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_211122_en.pdf – in English.
[2022-11-22]