Last checked at 
(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.