/KASE, January 31, 2023/ – 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 30, 2023:
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,
today provides a further update on the proposed restructuring (the
"Restructuring") of the Group's US$725 million 8.0% Senior Notes due July 2022
and US$400 million 7.0% Senior Notes due February 2025, in each case issued by
Nostrum Oil & Gas Finance B.V.
As previously disclosed, a condition to the Restructuring was the receipt of
certain outstanding required licences from the relevant sanctions authorities
(or any confirmations that such licences are not required) necessary to
implement the Restructuring.
The Company announced on 9 January 2023 that it had received the requisite
licence from The Office of Financial Sanctions Implementation ("OFSI"), the
authority for the implementation of financial sanctions in the United Kingdom.
The Company is pleased to confirm that it has now received confirmations of
authorisation from the other relevant sanctioning authorities (namely, the Dutch
Ministry of Finance and the Guernsey Policy & Resources Committee), confirming
that licences will not be required in these jurisdictions to implement the
Restructuring.
unquote
The complete press release is available on KASE website:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_300123.pdf – in
Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_300123_en.pdf – in
English.
[2023-01-31]