IOG PLC - London-based, UK-focused gas developer and producer - Confirms that bondholders controlling 70% of the voting bonds, or 100% of the votes cast, have now voted in favour of the bond waiver agreement announced on Wednesday. This now means that the waiver has been formally approved, IOG says.
"We appreciate the bondholders' approval of this waiver, which applies to the end of September. This will enable us to continue our dedicated efforts to address the challenges facing the business and deliver an outcome in the best interests of all stakeholders. We will keep the market updated on further progress in subsequent announcements at the appropriate times," says Chief Executive Officer Rupert Newall.
Current stock price: 2.08 pence, up 3.9%
12-month change: down 94%
By Greg Rosenvinge, Alliance News reporter
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