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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Harbour Energy Plc | LSE:HBR | London | Ordinary Share | GB00BMBVGQ36 | ORD 0.002P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -5.30 | -1.71% | 304.10 | 306.00 | 307.00 | 315.00 | 304.90 | 315.00 | 933,349 | 16:35:10 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jul 2019 to Jul 2024
TIDMPMO
RNS Number : 9027S
Premier Oil PLC
29 December 2016
This announcement has been determined to contain inside information
PREMIER OIL PLC
("Premier" or "the Group")
Deferral of Financial Covenant Test
29 December 2016
As anticipated, Premier has received a monthly deferral in respect of the test of its financial covenants with the test for the 12 month period ending 31 December 2016 waived and replaced by a test for the 12 month period ending 31 January 2017. Premier expects to continue to receive monthly deferrals until the refinancing of its financial facilities currently being negotiated has been agreed.
Good progress is being made in finalising a long form term sheet in respect of the refinancing with the expectation that this will be circulated to all private lenders (Revolving Credit Facility, Term Loan, Schuldschein and US private placement notes) for credit approval in January. Negotiations are now underway with the advisers to an ad hoc committee of the Group's convertible bondholders. Premier intends to provide a further update in its Trading Statement on 12 January 2017.
Enquiries Premier Oil plc Tel: 020 7730 1111 Tony Durrant, Chief Executive Richard Rose, Finance Director Bell Pottinger Tel: 07771 344 781 Lorna Cobbett Henry Lerwill
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
December 29, 2016 02:00 ET (07:00 GMT)
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