/KASE, February 15, 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 14, 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, announces, following the
completion of the 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"), the
following changes to the Board effective from today, 14 February 2023:
- Atul Gupta has stepped down as Executive Chair and from the Board;
- Sir Christopher Codrington, Bt, Martin Cocker and Kaat van Hecke have
each stepped down from the Board;
- Stephen Whyte has been appointed as Independent Chair and a Non-
Executive Director;
- Martin Gudgeon has been nominated by the trustee of the warrants issued
in connection with the Restructuring as the Warrant Director and has been
appointed as a Non-Executive Director;
- Chris Cox, Christopher Hopkinson and Fiona Paulus have each been
appointed as Independent Non-Executive Directors.
Arfan Khan remains as the CEO and a Director of the Company.
unquote
The complete press release is available on KASE website:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_140223.pdf – in
Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_140223_en.pdf – in
English.
[2023-02-15]