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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Harbour Energy Plc | LSE:PMO | London | Ordinary Share | Ordinary Shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 22.40 | 22.50 | 22.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPMO
RNS Number : 2319W
Premier Oil PLC
31 July 2018
PREMIER OIL PLC
("Premier" or "the Group")
Mandatory Conversion of remaining Convertible Bonds
31 July 2018
Premier announces that its wholly-owned subsidiary Premier Oil Finance (Jersey) Limited ("POFJ") intends to exercise the mandatory conversion option in its 2.5 per cent Guaranteed Convertible Bonds due 2022 (the "Bonds"). The exercise of such option will automatically and mandatorily convert all of the $28.772 million outstanding Bonds into approximately 31.4 million new ordinary shares of Premier. POFJ has delivered a notice (the "Mandatory Conversion Option Notice") to holders of the Bonds to confirm the exercise of such option and the actions that need to be undertaken by bondholders in respect of the mandatory conversion.
Post the mandatory conversion the Group will have no convertible bonds outstanding. The transaction will further reduce debt in line with Premier's current stated objective.
Enquiries Premier Oil plc Tel: 020 7730 1111 Tony Durrant, Chief Executive Richard Rose, Finance Director Camarco Tel: 020 3757 4980 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.
END
CONLLFLADLIIVIT
(END) Dow Jones Newswires
July 31, 2018 02:01 ET (06:01 GMT)
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