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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 |
TIDMPMO
RNS Number : 0572A
Premier Oil PLC
16 January 2020
Premier Oil plc
("Premier" or the "Group")
Update on Schemes of Arrangement ("Schemes")
16 January 2020
Premier announces that the convening hearing was held earlier today in connection with the Schemes required to implement the proposed UK North Sea Acquisitions, related funding arrangements and extension of its credit facilities (the "Proposed Transactions"), at which the Court granted Premier's request to start the scheme process. The Group will now convene the creditor meetings for the Schemes, to be held on 12 February 2020, with the Schemes sanction hearing expected to take place in March.
Since announcing the Proposed Transactions on 7 January, the level of support from creditors has continued to increase. Of the creditors subject to the Schemes, 86.03 per cent of Super Senior Commitments and 75.15 per cent of Senior Commitments have agreed to vote in favour of the Schemes at the creditor meetings. The Schemes must be approved by a majority in number and 75 per cent in value by total drawn and undrawn commitments of scheme creditors in each class attending and voting at those creditor meetings.
A copy of the explanatory statement in relation to the Schemes will be available for scheme creditors, free of charge, by contacting Lucid Issuer Services Limited, the information agent appointed in respect of the Schemes, at premieroil@lucid-is.com or via the Schemes website www.lucid-is.com/premieroil.
Enquiries Premier Oil plc Tel: 020 7730 1111 Tony Durrant, Chief Executive Richard Rose, Finance Director Camarco Tel: 020 3757 4983 Billy Clegg James Crothers
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.
END
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(END) Dow Jones Newswires
January 16, 2020 06:51 ET (11:51 GMT)
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