Business
ANNOUNCEMENT OF ADJOURNMENT
ANNOUNCEMENT OF ADJOURNMENT.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n\n \nUSD $250,000,000 5.00% Senior Secured Notes due 2026\nReg S: CUSIP: N64884AF1 / ISIN: USN64884AF16\nPrivate Placement: CUSIP: 66978CAF9 / ISIN: US66978CAF95\nissued pursuant to a trust deed dated 9 February 2023\nand\n \nUSD $362,648,402 1.00%/13.00% Senior Unsecured Notes due 2026\nReg S: CUSIP: N64884AE4 / ISIN: USN64884AE41\nPrivate Placement: CUSIP: 66978CAD4 / ISIN: US66978CAD48\nissued pursuant to a trust deed dated 9 February 2023\n\n\nof\nNostrum Oil & Gas Finance B.V.\nincorporated under the laws of the Netherlands\n \nANNOUNCEMENT OF ADJOURNMENT\nFOR THE CONSENT SOLICITATION IN RESPECT OF CERTAIN OUTSTANDING NOTES ISSUED BY Nostrum Oil & Gas Finance B.V. AND WARRANTS ISSUED BY NOSTRUM OIL & GAS PLC\n \nLondon and the Netherlands, 12 December 2023 - Nostrum Oil & Gas Finance B.V. (the \"Issuer\"), a wholly-owned subsidiary of Nostrum Oil & Gas PLC (the \"Parent\"), announced on 21 November 2023 that it had commenced a consent solicitation (the \"Consent Solicitation\") in respect of its USD $250,000,000 5.00% Senior Secured Notes due 2026 (the \"Senior Secured Notes\") and USD $362,648,402 1.00%/13.00% Senior Unsecured Notes due 2026 (the \"Senior Unsecured Notes\", and together with the Senior Secured Notes, the \"Notes\"). Meetings of the holders of the Notes were held on 12 December 2023 (the \"Meetings\") for the purpose of considering and, if thought fit, approving the extraordinary resolutions that are the subject of the proposal being duly passed (the \"Extraordinary Resolutions\") set out in the consent solicitation memorandum dated 20 November 2023 (the \"Consent Solicitation Memorandum\"). The requisite quorum at each Meeting was not present and the Meetings were adjourned by the chair for a period not less than 7 nor more than 42 days in accordance with the terms of the trust deeds governing the Notes (the \"Trust Deeds\"). The deadline for Noteholders to deliver or procure delivery of a form of proxy to the Information and Tabulation Agent is 15 December 2023 (the \"Adjourned Meeting Deadline\").\nThe Issuer is soliciting the consents of the holders of the Notes and the warrants issued by the Parent (the \"Warrants\") (together the \"Noteholders\") for certain amendments to the Trust Deeds, the debenture dated 9 February 2023 relating to the Notes and the share...