Business
Result of mandatory redemption offer
Result of mandatory redemption offer.
About this update from Star Energy Group Plc
[{"type":"text","content":"\n \nRNS Number : 2843Y Igas Energy PLC 01 March 2017 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR TO ANY U.S. PERSON, OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.\n \n \n1 March 2017\n \n \nIGas Energy Plc (AIM: IGAS)\nResult of mandatory redemption offer to secured bondholders\n \nReference is made to the stock exchange notice published by IGas Energy Plc (the \"Company\") on 30 January 2017 regarding a mandatory redemption offer (the \"Redemption Offer\") to the holders of its secured callable bonds (ISIN NO0010673791) (the \"Bonds\"). \nThe Redemption Offer expired at 16:00 hours CET on 1 March 2017, and the Company hereby confirms that acceptances in excess of the total 2,212,847 Bonds that were offered by the Company to be purchased were received. Pursuant to the terms of the Redemption Offer, the Company will redeem approximately 2.16% of the Bonds held by each bondholder that have accepted the Redemption Offer (on a pro rata basis, in the proportion borne by each bondholder's total holdings of Bonds to the aggregate holdings of all bondholders who have accepted the Redemption Offer ). \nSettlement of the Redemption Offer will occur on 8 March 2017, at which time the Company will pay to the accepting bondholders on a pro rata basis the aggregate purchase price of USD 2,323,490 in exchange of the Bonds being redeemed, plus accrued, unpaid interest thereon to and including the Settlement Date.\nThe result of the Redemption Offer is being published under the Company's ticker on www.newsweb.no and on www.stamdata.no, the information service of the bond trustee for the Bonds, Nordic Trustee ASA. \nRequests for more information may be directed to the Manager of the Redemption Offer:\nABG Sundal Collier ASA:\nAttn.: Ola Nygård\nTelephone: +47 22 01 61 86 / +47 41 21 34 10\nE-mail: [email protected]\n\n\n \n \nDisclaimers\nThis announcement has been prepared by the Company exclusively for information purposes. It does not constitute or include any recommendation by the Company (or any other person) regarding the securities of the Compa...