Member Info for downbutnotout

Premier Oil plc

("Premier" or the "Group")

Update on the restructuring plans for the proposed merger with Chrysaor

25 January 2021





Premier announces that the convening hearing was held earlier today in connection with the restructuring plans required to implement the proposed all share merger between Premier and Chrysaor Holdings Limited and the reorganisation of Premier's existing debt and cross currency swaps ("Restructuring Plans"). At the hearing the Court granted Premier's request to start the Restructuring Plans process and the Group will now convene the creditor meetings for the Restructuring Plans, to be held on 22 February 2021, with the Restructuring Plans sanction hearing expected to take place on 19 March 2021.

As previously announced, the requisite level of Premier's creditors have irrevocably undertaken to vote in favour of the Restructuring Plans at the creditor meetings.

Update on Restructuring Plans

isn't 8 a lucky chinese number or is that 888?

wow this dog getting a beating today. why today why not Friday..

theres a gap on the chart. needs to get to the 150s first. then gap to fill 170s.

strong burning smell. must be someone's shorts on fire!

if we close above 106p i'll be happy.

sub £1 is below the bollinger band. SP is already oversold.

lots of red out there. PFC was blue this morning putting in a very bullish bounce. shorters take note.

anyone hazzard a guess where support is if 19p doesn't hold.

key support being tested..

brace yourself Rodney!

sell signal today.

SP never really got going from the open. touched 111p then down all day.

hope this isn't another NMC?!

other oilies are down today. BP, ENQ, PMO.

no pain no gain i keep telling myself!

will it hold??

i thought i would never be back in! sold in mid 130s then watched it rise to mid 170s i think it was. back in at 115p. lovely jubbly.

All aboard the Petrofac train. leaving the startion shortly! gla

not me i just seen that trade go through this morning. 0.138p

its not what the guy who just sold 15m shares thinks!