NOSTRUM OIL & GAS PLC plans to reduce face value of common shares GB00BGP6Q951 (GB_NTRM) and consolidate them as part of restructuring

07.02.23 12:02
/KASE, February 7, 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 February 6, 2023: 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, provides a further update to the proposed restructuring of the Group's US$725 million 8.0% Senior Notes due July 2022 and the US$400 million 7.0% Senior Notes due February 2025, in each case issued by Nostrum Oil & Gas Finance B.V. (the "Restructuring"). *** It is anticipated that the Restructuring will be effected on Thursday, 9 February 2023. Accordingly, the record date for the Sub-Division and Share Consolidation will be Nostrum shareholders on the register at close of business on 9 February 2023. The Sub-Division and Share Consolidation is expected to take place after the market closes on Thursday, 9 February 2023 and it is expected that admission and dealings in the consolidated Shares on the London Stock Exchange (LSE) will commence at 8.00 a.m. (GMT) on Friday, 10 February 2023. Immediately following the Sub-Division and Share Consolidation, the Company will have a total issued share capital of up to 169,381,599 Shares and 15,244,344,036 deferred shares. As part of the Share Consolidation process, a new ISIN in respect of the Shares will become effective from Share Consolidation. The existing ISIN of the existing ordinary shares (GB00BGP6Q951) will be cancelled and, following the Share Consolidation, the Shares (which include the New Shares being issued under the Restructuring) will have a new ISIN of GB00BQVVS097. unquote The complete press release is available on KASE website: - – in Russian; - – in English. [2023-02-07]