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London Stock Exchange

Share Price is delayed by 15 minutes

Share Price: 5.65

Bid: 5.00

Ask: 6.30

Change: 0.55 (10.78%)

Spread: 1.30 (26.00%)

Open: 5.10

High: 0.00

Low: 0.00

Prev. Close: 5.10

NOG Live Price

Last checked at -

REPEAT: Nostrum says restructuring to be effective on Thursday

Mon, 06th Feb 2023 20:23

(Alliance News) - Nostrum Oil & Gas PLC on Monday said that the restructuring of its senior notes, sub-division of shares and share consolidation will be effective on Thursday.

The oil and gas company with operations in Kazakhstan said that the restructuring of its USD725 million 8.0% senior notes due July 2022 and the USD400 million 7.0% senior notes due February 2025 will be effected on Thursday.

The notes were issued by Nostrum Oil & Gas Finance BV.

In connection to the restructuring, the company plans a sub-division of its share capital and a 10:1 consolidation of its shares. Both are expected to take place on Thursday too.

The company expects that admission and dealings in its share will start on Friday.

Nostrum Oil & Gas shares closed up 8.3% at 3.25 pence each on Monday afternoon in London.

By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Limited. All Rights Reserved.

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