Premier Oil PLC Chrysaor merger update (9653P)
February 23 2021 - 1:00AM
UK Regulatory
TIDMPMO
RNS Number : 9653P
Premier Oil PLC
23 February 2021
Premier Oil plc
("Premier" or the "Company")
Chrysaor merger update: UK regulatory condition satisfied,
Mexican approval received
23 February 2021
Premier is pleased to announce that all of the regulatory
conditions relating to the Company's merger with Chrysaor have now
been satisfied and all of the requisite anti-trust approvals have
been received.
Following receipt of notice from the Oil and Gas Authority
(OGA), the regulatory condition to the Transaction regarding
Premier's and Chrysaor's licence interests in the UK has been
satisfied.
In addition, Premier has received anti-trust approval in
relation to the merger from the Mexican Economic Competition
Commission.
Following the positive creditor vote on 22 February, the
Transaction remains subject to sanction by the Scottish Court of
the restructuring plans expected to take place on 19 March.
Assuming the Scottish Court sanctions the restructuring plans,
Premier expects the Transaction to complete on 31 March with
Premier's shares to be readmitted to trading on 1 April as Harbour
Energy plc.
Terms defined in the announcement of 6 October shall have the
same meaning in this announcement.
Enquiries
Premier Oil plc 020 7824 1116
Richard Rose, Interim Chief Executive, Finance Director
Elizabeth Brooks, Head of Investor Relations
Camarco 020 3757 4983
Billy Clegg
Georgia Edmonds
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