Business
Notice of Conditional Redemption
Notice of Conditional Redemption.
About this update from Gulf Keystone Petroleum Limited
[{"type":"text","content":"\n \nRNS Number : 5301S Gulf Keystone Petroleum Ltd. 26 June 2018 \n\nTHE DISTRIBUTION OF THIS NOTICE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, SOUTH AFRICA, CANADA OR JAPAN IS PROHIBITED.\nTHE NOTICE IS ONLY BEING MADE OUTSIDE THE UNITED STATES AND TO PERSONS OTHER THAN \"U.S. PERSONS\" (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT). \nTHIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF HOLDERS. IF HOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD SEEK THEIR OWN INDEPENDENT FINANCIAL AND LEGAL ADVICE, INCLUDING IN RESPECT OF ANY TAX CONSEQUENCES, FROM THEIR PROFESSIONAL ADVISERS AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") (IF THEY ARE IN THE UNITED KINGDOM), OR FROM ANOTHER APPROPRIATELY AUTHORISED INDEPENDENT FINANCIAL ADVISER (IF THEY ARE NOT) IMMEDIATELY.\n \nGulf Keystone Petroleum Limited (the \"Issuer\")\n(incorporated and registered in Bermuda under the Companies Act (Bermuda) with registered no. 31165)\n\nNOTICE OF CONDITIONAL REDEMPTION\nTo the holders of the\nUS$100,000,000 13 per cent./10 per cent. Guaranteed Notes due 2021\n(ISINs: Regulation S XS1497756095, Rule 144A XS1505549268 (the \"Notes\")\n \nReference is made to the trust deed dated 14 October 2016 constituting the Notes (the \"Trust Deed\") and made between BNY Mellon Corporate Trustee Services Limited as Trustee, Gulf Keystone Petroleum International Limited as Guarantor, and the Issuer (including the terms and conditions of the Notes set out in Schedule 4 (Terms and Conditions of the Notes) to the Trust Deed (the \"Conditions\")). Capitalised terms used but not otherwise defined in this notice shall have the meanings ascribed to them in the Trust Deed.\nSubject to the satisfaction or waiver of the Refinancing Condition (as defined below), the Issuer hereby gives notice that pursuant to Condition 6.6 (Optional Redemption) the Issuer will exercise the option to redeem all of the Notes then outstanding on 26 July 2018 (the \"Redemption Date\") at a redemption price equal to 100 per cent of the principal amount of the Notes redeemed, plus accrued and unpaid interest on the Notes up to and including the Redemption Date (the \"Redemption Price\"). The record date on which any holder must hold a Note in order to be entitled to the Redemption Price is 25...