Business
Issue of Explanatory Statement
Issue of Explanatory Statement.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n London, 21 June 2022\n \n \n \n \n \n \n \n \n \n \n \n Proposed Scheme of Arrangement of the Company\n \n \n \n \n \n \n \n \n \n Issue of Explanatory Statement\n \n \n \n \n \n \n \n \n Nostrum Oil & Gas PLC (LSE: NOG) (\"Nostrum\", or \"the Company\"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, announces that,\n further to the announcement dated 11 May 2022 in respect of the practice statement letter distributed on the same date to the Scheme Creditors (the \"Practice Statement Letter\") and the announcements dated 15 and 17 June 2022 regarding a hearing at which the Company sought permission to convene the Scheme Meeting, the Court has made an order granting the Company permission to convene the Scheme Meeting.\n \n \n The Company has\n today issued an explanatory statement to the Scheme Creditors, providing further details in respect of the Scheme and the Restructuring (the \"Explanatory Statement\"). The Explanatory Statement is available only to those Scheme Creditors entitled by applicable law or regulation to receive it and can be accessed via the Scheme Portal (accessible via the Scheme Website at\n \n \n https://glas.agency/investor_reporting/nostrum-oil-gas-plc/\n \n \n ).\n \n \n The Explanatory Statement has been issued for information purposes only. Scheme Creditors should not attempt to submit an Account Holder Letter (or any part thereof) to the Information Agent, the Company or any other person via the Scheme Portal, by email, by post or otherwise, or submit a vote, appoint a proxy or make any election in respect of the Scheme, until the Company has issued a notice inviting Scheme Creditors to submit their Account Holder Letters accordance with the instructions set out in the Explanatory Statement (the \"AHL Submission Notice\"). The AHL Submission Notice will also notify Scheme Creditors of the dates: (1) by which they should block their Notes in the Clearing Systems for the purposes of submitting Account Holder Letters; (2) by which they should submit (or procure that their Account Holder submits on their behalf) their Account Holder Letters; and (3) on which the Scheme Meeting will be held.\n \n \n The AHL Submiss...