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SOLICITATION OF CONSENTS IN RESPECT OF NOTES
SOLICITATION OF CONSENTS IN RESPECT OF NOTES.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n\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 \nSOLICITATION OF CONSENTS 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, 21 November 2023 - Nostrum Oil & Gas Finance B.V. (the \"Issuer\"), a wholly-owned subsidiary of Nostrum Oil & Gas PLC (the \"Parent\"), announces that it has 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\"). The consent solicitation will expire at 5:00 p.m. (London time) on 8 December 2023 (the \"Expiration Deadline\"), unless terminated or extended by the Issuer.\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 governing the Notes (the \"Trust Deeds\"), the debenture dated 9 February 2023 relating to the Notes and the share warrant instrument dated 9 February 2023 (the \"Warrant Instrument\") in order to (i) to permit the investment of cash from the Parent into certain investment products approved by the board of directors of the Parent in order to give the Issuer greater flexibility to make investments in cash equivalents to receive higher returns and (ii) amend the Warrant Instrument such that the Parent would not require further consent from the warrant holders to delist its shares from the Astana International Exchange (AIX).\nThe terms and conditions of the Consent Solicitation are as set forth in a consent solicitation statement to be distributed to all N...