Business
Early Tender Results Announcement
Early Tender Results Announcement.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 1067L Nostrum Oil & Gas PLC 14 July 2017 \n\n \nZhaikmunai LLP\nUralsk, July 14, 2017\n \nNOSTRUM OIL & GAS EARLY TENDER RESULTS ANNOUNCEMENT\nDisclosure of inside information in accordance with Article 17 of Regulation (EU) 596/2014 (16 April 2014) relating to Zhaikmunai LLP and Nostrum Oil & Gas PLC\n \nNostrum Oil & Gas Finance B.V. Announces Early Tender Results for the Tender Offer and Consent Solicitation\nfor Zhaikmunai LLP's outstanding 6.375% Senior Notes due February 14, 2019\nand\n7.125% Senior Notes due November 13, 2019\n \nUralsk -July 14, 2017 (13:30) - Zhaikmunai LLP, a subsidiary of Nostrum Oil & Gas PLC (LSE:NOG), a London Stock Exchange listed, independent oil and gas producer operating in the pre-Caspian Basin, today discloses that Nostrum Oil & Gas Finance B.V. (the \"Offeror\"), which is also a subsidiary of Nostrum Oil & Gas PLC, announces today the early tender results (the \"Early Tender Results\") of its offers to purchase for cash Zhaikmunai LLP's 6.375% Senior Notes due February 14, 2019 and 7.125% Senior Notes due November 13, 2019 (together, the \"Notes\"). \n \nThe Offers are being made pursuant to a tender offer and consent solicitation memorandum dated June 29, 2017, as amended pursuant to the announcement made on July 10, 2017 (the \"Tender Offer and Consent Solicitation Memorandum\"), which sets forth a more comprehensive description of the terms of the Offers. Capitalized terms used but not otherwise defined in this press release shall have the meanings given to them in the Tender Offer and Consent Solicitation Memorandum. \n \nThe Offeror is pleased to announce that, as of the early participation deadline of 5:00 p.m., New York City time, on July 13, 2017 (the \"Early Participation Deadline\"), an aggregate principal amount of 7.125% Notes of approximately U.S.$ 374,834,000 has been validly tendered pursuant to the Tender Offers and an aggregate principal amount of 6.375% Notes of approximately U.S.$209,969,000 has been validly tendered pursuant to the Tender Offers. A total aggregate principal amount of Notes of approximately U.S.$584,803,000 has therefore been validly tendered pursuant to the Tender Offers. As withdrawal rights expired at 5:00 p.m., New York City time, on July 13, 2017, all N...