Premier Oil PLC Refinancing Update (6056G)
May 30 2017 - 10:19AM
UK Regulatory
TIDMPMO
RNS Number : 6056G
Premier Oil PLC
30 May 2017
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES
OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO
SO.
This announcement has been determined to contain inside
information
PREMIER OIL PLC
('Premier')
Refinancing update
30 May 2017
Premier is pleased to announce that, in connection with its
proposed refinancing and in line with previous announcements, the
Court scheme convening meeting was held earlier today and the Group
has now published the scheme and convertible bond documentation,
shareholder circular and a prospectus relating to the warrants that
are proposed to be issued to certain creditors.
Copies of the shareholder circular and the prospectus are
available on Premier's website at www.premier-oil.com. The
shareholder circular, which contains the Notice of a General
Meeting to be held at 9.00am on 15 June 2017 at The Grosvenor
Hotel, 101 Buckingham Palace Road, London SW1W 0SJ, is available
under the Investors, Shareholder Information section. Copies of the
shareholder circular and prospectus will be submitted to the
National Storage Mechanism and will shortly be available for
inspection at www.Hemscott.com/nsm.do.
A copy of the explanatory statement in relation to the schemes
is available for scheme creditors, free of charge, by contacting
Lucid Issuer Services Limited ('Lucid'), the information agent
appointed in respect of the schemes, at premieroil@lucid-is.com or
via the schemes website www.lucid-is.com/premieroil. Similarly, a
copy of the consent solicitation memorandum in relation to the
convertible bond extraordinary resolution is available for
convertible bondholders, free of charge, by contacting Lucid at the
contact details noted above.
Enquiries
Premier Oil plc Tel: 020 7730 1111
Tony Durrant, Chief
Executive
Richard Rose, Finance
Director
Bell Pottinger Tel: 020 3772 2570
Lorna Corbett
Henry Lerwill
IMPORTANT NOTICE
This announcement is for information purposes only and is not
intended to, and does not constitute or form part of, any offer or
invitation to purchase or subscribe for, or any solicitation to
purchase or subscribe for, any warrants or shares or any other
securities of Premier Oil plc, Premier Oil Finance (Jersey) Limited
and Premier Oil UK Limited (all together, the 'Securities') in any
jurisdiction in which such an offer or solicitation is unlawful.
The information contained in this announcement is not for release,
publication or distribution to persons in the United States and
should not be distributed, forwarded to or transmitted in or into
the United States or any jurisdiction where to do so might
constitute a violation of local securities laws or regulations.
The Securities have not been, and will not be, registered under
the US Securities Act of 1933, as amended (the 'US Securities
Act'), or with any securities regulatory authority of any state or
any other jurisdiction of the United States, and may not be
offered, sold, resold, pledged or otherwise transferred in the
United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the US
Securities Act and in compliance with all applicable securities
laws of any state or other jurisdiction of the United States. The
opportunity to subscribe for warrants will be available only to
certain existing creditors of Premier Oil plc, Premier Oil UK
Limited and Premier Oil Finance (Jersey) Limited. There will be no
public offer of any Securities in the United States.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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