Nostrum Oil & Gas PLC Proposed Scheme of Arrangement of the Company (9832O)
15 June 2022 - 8:16PM
UK Regulatory
TIDMNOG
RNS Number : 9832O
Nostrum Oil & Gas PLC
15 June 2022
FOR IMMEDIATE RELEASE
London, 15 June 2022
Proposed Scheme of Arrangement of the Company
Date of Scheme Convening Hearing
Further to the announcement issued by Nostrum Oil & Gas PLC
("Nostrum", or "the Company") on 11 May 2022 regarding the Practice
Statement Letter distributed on that date in relation to the
Scheme, notice is hereby given that the Company now anticipates
that the Scheme Convening Hearing will take place at the Business
and Property Courts in the High Court of Justice of England and
Wales on 20 June 2022. The exact time and location to be confirmed
by the Court in due course.
Once the Court confirms the time and location of the Scheme
Convening Hearing (which it is expected to do on or around 17 June
2022), the Company intends to make a further announcement providing
these details. The time and location of the Scheme Convening
Hearing will also be published by the Court on the Business and
Property Courts Rolls Building Cause List, which can be accessed
via the following link:
https://www.justice.gov.uk/courts/court-lists/list-cause-rolls2
.
At the Scheme Convening Hearing, the Company will seek an order
granting it certain directions in relation to the Scheme, including
permission to convene a meeting for the Scheme Creditors for the
purpose of considering, and, if thought fit, approving the
Scheme.
Any Scheme Creditor is entitled to attend the Scheme Convening
Hearing to make representations to the Court, or to instruct
counsel to attend the Scheme Convening Hearing and to make
representations to the Court on his or her behalf.
Scheme Creditors who wish to attend the Scheme Convening
Hearing, or who wish to instruct counsel to attend the Scheme
Convening Hearing and to make representations to the Court on their
behalf, should contact the Court or White & Case LLP (as the
Company's co-counsel on the Scheme) by email to
WCProjectNewport@whitecase.com specifying their name and email
address, and if applicable, the name and email address of their
counsel.
Capitalised terms used but not defined in this announcement have
the meaning given to them in the Practice Statement Letter, which
is available to the Scheme Creditors on the Scheme Portal
(accessible via the Scheme Website at
https://glas.agency/investor_reporting/nostrum-oil-gas-plc/ ).
LEI: 2138007VWEP4MM3J8B29
Further information
For further information please visit www.nog.co.uk
Further enquiries
Nostrum Oil & Gas PLC
Shane Drader - Chief Financial Officer
ir@nog.co.uk
GLAS Specialist Services Limited
Information Agent
lm@glas.agency
+44 20 3597 2940
Instinctif Partners - UK
Tim McCall
Sarah Hourahane
Galyna Kulachek
+ 44 (0) 207 457 2020
nostrum@instinctif.com
About Nostrum Oil & Gas
Nostrum Oil & Gas PLC is an independent oil and gas company
currently engaging in the production, development and exploration
of oil and gas in the pre-Caspian Basin. Its shares are listed on
the London Stock Exchange (ticker symbol: NOG) and the Kazakhstan
Stock Exchange (ticker symbol: GB_NTRM). The principal producing
asset of Nostrum Oil & Gas PLC is the Chinarevskoye field that
is being operated by a wholly-owned subsidiary of Nostrum Oil &
Gas PLC - Zhaikmunai LLP , who is the sole holder of the subsoil
use rights with respect to the development of the field.
Forward-Looking Statements
Some of the statements in this document are forward-looking.
Forward-looking statements include statements regarding the intent,
belief and current expectations of the Company or its officers with
respect to various matters. When used in this document, the words
"expects", "believes", "anticipates", "plans", "may", "will",
"should" and similar expressions, and the negatives thereof, are
intended to identify forward-looking statements. Such statements
are not promises nor guarantees and are subject to risks and
uncertainties that could cause actual outcomes to differ materially
from those suggested by any such statements.
No part of this announcement constitutes, or shall be taken to
constitute, an invitation or inducement to invest in the Company or
any other entity, and shareholders of the Company are cautioned not
to place undue reliance on the forward-looking statements. Save as
required by the relevant listing rules and applicable law, the
Company does not undertake to update or change any forward-looking
statements to reflect events occurring after the date of this
announcement.
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END
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