Nostrum Oil & Gas - Update on Interest Payments
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
Update on Interest Payments
The 30-day grace period will allow the Company to continue active discussions with the financial and legal advisers to a steering committee of holders of the Notes, namely
The 2022 Notes require interest payments, payable semi-annually, on 25 January and 25 July of each year. The 2025 Notes require interest payments, payable semi-annually, on 16 February and 16 August of each year. Under the terms of the indentures governing the Notes, it is an event of default if the Issuer defaults in any payment of interest when such payment becomes due and payable and such default continues for a period of 30 days.
Nostrum will make further announcements in due course, as appropriate.
For further information please visit www.nog.co.uk
Martin Cocker CFO
+ 44 (0) 207 457 2020
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 or 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 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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