Source - LSE Regulatory
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
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJBell logo

Related Charts