THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF BONDHOLDERS (AS DEFINED BELOW). IF BONDHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE IMMEDIATELY FROM THEIR STOCKBROKER, SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT FINANCIAL OR LEGAL ADVISER.
10 April 2018
PREMIER OIL FINANCE (JERSEY) LIMITED (the "Issuer")
NOTICE TO THE HOLDERS (the "Bondholders") OF THE ISSUER'S US$245,324,000 2.5 PER CENT. GUARANTEED CONVERTIBLE BONDS DUE 2022 (ISIN: XS0849021877) (the "Bonds")
Words and expressions defined in the terms and conditions of the Bonds (the "Conditions") shall have the same meaning when used in this notice.
On 20 March 2018, the Issuer gave notice to the Bondholders that, pursuant to Condition 7, it had elected to exercise the Share Issue Option as the Payment Option in respect of the Issue Date falling on 27 April 2018 (the "April Issue Date").
Pursuant to Condition 7(i)(A), A BONDHOLDER WILL ONLY BE ENTITLED TO RECEIVE SHARE ISSUE SHARES IF IT HAS DELIVERED A SHARE ISSUE NOTICE TO THE OFFICE OF THE PAYING, TRANSFER AND EXCHANGE AGENT SPECIFIED BELOW (WHICH MAY BE BY EMAIL TO THE ADDRESS BELOW) PRIOR TO 5PM (LONDON TIME) ON THE SHARE ISSUE NOTICE CUT-OFF DATE.
The delivery of Share Issue Shares will be effected by way of delivering the relevant Share Issue Shares in dematerialised form to the credit of the account of those persons who are shown in the records of the relevant Clearing System as the holders of the Bonds (each, a "Direct Participant"), provided that, in order to receive such Share Issue Shares, the relevant Direct Participant shall have given the US securities law confirmations set out in the Share Issue Notice by the Share Issue Notice Cut-Off Date in accordance with the rules of the relevant Clearing System.
THE SHARE ISSUE NOTICE CUT-OFF DATE IS 20 APRIL 2018.
The form of Share Issue Notice can be obtained from the Paying, Transfer and Exchange Agent at the address specified below.
For further information, Bondholders should contact the Paying, Transfer and Exchange Agent:
Address: Deutsche Bank AG London Branch
1 Great Winchester Street
London EC2N 2DB
Email: [email protected]
Attention: Debt and Agency Services
This information is provided by RNS