Consent Solicitation Results – Senior Unsecured Notes Adjourned Meeting
As announced previously, Nostrum Oil & Gas Finance B.V. (the “Issuer“), a wholly-owned subsidiary of Nostrum Oil & Gas PLC (the “Parent“), was required by 30 June 2025 to have paid accrued interest in accordance with the terms and conditions of the Issuer’s outstanding notes with ISIN USN64884AF16, US66978CAF95, USN64884AE41 and US66978CAD48 (the “Notes“). The Notes are guaranteed by, among other entities, the Parent. As the Issuer did not pay the due interest in accordance with the terms and conditions of the Notes, such default has become an “Event of Default” (as defined in the conditions of the Notes) and the Issuer launched a consent solicitation with respect to such Event of Default.
In respect of the senior unsecured notes, the required quorum for the adjourned noteholders meeting has been satisfied and the results are as follows:
Noteholders representing or holding not less than 50 per cent of the aggregate principal amount of the outstanding Notes were represented at the adjourned Meeting. A majority of 75 per cent of the votes cast by Noteholders present at the meeting was achieved. Thus, the Extraordinary Resolution has passed.
The Supplemental Trust Deed that relates to the senior secured notes and the senior unsecured notes will now be executed and the relevant consent payments will be made to consenting holders.
Timing
A result announcement with respect to the consent solicitation is available on the Parent’s website: www.nostrumoilandgas.com and can also be accessed using the link below.
The Parent thanks holders of the Notes for their support and participation in resolving these third party issues that are delaying the interest payment due on the Notes.
LEI: 2138007VWEP4MM3J8B29
Further information
For further information please visit www.nostrumoilandgas.com
Further enquiries:
Nostrum Oil & Gas PLC
Thomas Hartnett – Chief Legal Officer / Company Secretary
ir@nog.co.uk
Instinctif Partners – UK
Galyna Kulachek
+ 44 (0) 207 457 2020
nostrum@instinctif.com
Notifying person
Thomas Hartnett
Company Secretary