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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Jkx Oil & Gas Plc | LSE:JKX | London | Ordinary Share | GB0004697420 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 41.50 | 39.50 | 42.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMJKX
RNS Number : 8957M
JKX Oil & Gas PLC
19 October 2016
19 October 2016
JKX Oil & Gas plc
("JKX", the "Company" or the "Group")
Repurchase of Convertible Bonds
JKX Oil & Gas plc confirms that on 19 October 2016 it repurchased in the market $6.4 million of the principal amount of the Company's remaining $22.4 million convertible bonds due in 2018 ("the Bonds"), at an average price of 94 per cent of par value plus accrued unpaid interest, reducing the overall cost of finance. The Company intends to cancel the bonds that it has repurchased.
As a result of the repurchase the Company has avoided associated interest and redemption costs of $0.9 million that would have been incurred through to the first available Bondholder put option in February 2017.
Following this repurchase, $16.0 million of the Bonds remain outstanding. The Company may make further repurchases of Bonds and also continues to explore various options for restructuring the remaining Bonds.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale or purchase of securities in any jurisdiction where such sale or purchase is unlawful. This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
ENDS
JKX Oil & Gas plc +44 (0) 20 7323 4464
Russell Hoare, Chief Financial Officer
Stockdale Securities +44 (0) 20 7601 6100
Robert Finlay, Daniel Harris
EM Communications +44 (0) 20 3709 5711
Stuart Leasor, Jeroen van de Crommenacker
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGGGMUUUPQUUB
(END) Dow Jones Newswires
October 19, 2016 02:00 ET (06:00 GMT)
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