Premier Oil21 Discussion Threads

[my retirement fund] 09/4/2021 10:11

This obviously all way to confusing for AJ Bell, I guess.

[steve73] 09/4/2021 09:50

Thanks v01..

So based on current $/SP (1.37/20p) I make that c. 0.9662 per bond. (96.62% par).

If we include the last coupon it increases to 0.9858, which represented a slight profit for those brave enough to buy them towards to the end.

I was tempted to try a few @ mid 80's in late Feb, but bottled out as I really couldn't work out the deal in sufficient detail..

I just have a few warrants left over from the bonds I held during the '17 refi, although I don't expect them to be able to show a profit in the next 14 months.. If I thought they would I'd buy the equity now..!!

[v01101999] 09/4/2021 09:09

Finally, for me all transactions done

Cash Received USD 8882.296 per £10,000 face value of bonds
Stocks Received 15895 HBR per £10,000 face value of bonds.
Accumulated Interest Received £196 per £10,000 face value of bonds.

End of a saga.

[cousinit] 08/4/2021 12:37

I wonder if it is reconciling the net cash received which is taking the time? I am still waiting on this and details of any additional shares that I successfully subscribed for. I have received some Harbour shares (which I presume are higher than the worked example due to the max shares that I requested under the mix and match option over cash, rather than being FX related) and the coupon.

[v01101999] 08/4/2021 10:31

> Very useful, thanks. So shares better than worked example
Possibly due to GBPUSD movement.
>Im still waiting for mine, I received the cash coupon for the accrued but thats it
Yes I also got the accrued interest coupon. Waiting for the the cash element since I did not opt for an additional share subscription upon overallocation.

[catsick] 08/4/2021 03:00

Im still waiting for mine, I received the cash coupon for the accrued but thats it

[pejaten] 08/4/2021 01:16

Very useful, thanks. So shares better than worked example

[v01101999] 07/4/2021 18:03

I received ~15895 HBR shares for each £10,000 in PMO retail bonds. Still waiting for the cash.

[pejaten] 07/4/2021 14:48

The whole consideration thing is a mystery to me. Never been in a situation when I have no idea what the final terms are. All I can see is the worked example. Frustrating

[marqueemark] 07/4/2021 14:20

Still waiting for cash with HL. Utterly confused over share allocation I received. Does anyone have a link to the final terms for the cash and share offer and the scale back on the additional share purchase option and price charged??

[pejaten] 07/4/2021 13:05

That would be very useful. Thanks

[dandigirl] 07/4/2021 12:31

Sorry - see you are with A J Bell. We are too. Have just messaged them asking when settlement is expected.

[dandigirl] 07/4/2021 12:29

MRF - Who is your broker please?

[my retirement fund] 07/4/2021 10:45

WHERE THE HELL IS MY MONEY FFS !!!

[dandigirl] 03/4/2021 11:56

As it seems that none of us has any news, it would appear that the problems start with PMO/HBR.

[cerrito] 03/4/2021 08:38

I have my PMO1 with my full service broker who is far quicker in these things than on line Barclays and I have received nothing.

[routlep] 02/4/2021 14:39

I’ve not had my allocation from HL yet either. Anyone seen news about the scale back of equity allocation for the buy more HBR option?

[pejaten] 01/4/2021 16:58

No, nothing

[dandigirl] 19/3/2021 12:43

Just up................


Premier is pleased to announce that the restructuring plans of Premier and Premier Oil UK Limited (the "Restructuring Plans") received sanction today at a hearing of the Court of Session in Scotland . Following the sanction of the Restructuring Plans, the all share merger between Premier and Chrysaor Holdings Limited and the reorganisation of Premier's existing debt and cross currency swaps are expected to complete on 31 March 2021.

[dandigirl] 19/3/2021 11:48

Doesn't anybody read the company's press releases?

Assuming the Scottish Court sanctions the restructuring plans - the hearing is today - Premier expects the Transaction to complete on 31 March with Premier’s shares to be readmitted to trading on 1 April as Harbour Energy plc.

So, best case next week but latest end of the month/early April.

[stemis] 19/3/2021 10:10

Has anybody had their cash yet?

[dandigirl] 19/3/2021 10:04

Can't read and comprehend?