Premier Oil PLC Update on Restructuring Plans (8080M)
January 25 2021 - 10:00AM
UK Regulatory
TIDMPMO
RNS Number : 8080M
Premier Oil PLC
25 January 2021
Premier Oil plc
("Premier" or the "Group")
Update on the restructuring plans for the proposed merger with
Chrysaor
25 January 2021
Premier announces that the convening hearing was held earlier
today in connection with the restructuring plans required to
implement the proposed all share merger between Premier and
Chrysaor Holdings Limited and the reorganisation of Premier's
existing debt and cross currency swaps ("Restructuring Plans"). At
the hearing the Court granted Premier's request to start the
Restructuring Plans process and the Group will now convene the
creditor meetings for the Restructuring Plans, to be held on 22
February 2021, with the Restructuring Plans sanction hearing
expected to take place on 19 March 2021.
As previously announced, the requisite level of Premier's
creditors have irrevocably undertaken to vote in favour of the
Restructuring Plans at the creditor meetings.
A copy of the explanatory statement in relation to the
Restructuring Plans will be available for creditors, free of
charge, by contacting Lucid Issuer Services Limited, the
information agent appointed in respect of the Restructuring Plans,
at premieroil@lucid-is.com or via the Restructuring Plans website
www.lucid-is.com/premieroil.
Enquiries
Premier Oil plc Tel: 020 7824 1116
Richard Rose, Finance Director and Interim
CEO
Elizabeth Brooks, Head of Investor Relations
Camarco Tel: 020 3757 4983
Billy Clegg
Georgia Edmonds
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDBSGDBCSDDGBU
(END) Dow Jones Newswires
January 25, 2021 10:00 ET (15:00 GMT)
Harbour Energy (LSE:HBR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Harbour Energy (LSE:HBR)
Historical Stock Chart
From Apr 2023 to Apr 2024