RE: 92.34% Shareholders Vote Against Restructuring11 Jun 2021 17:37
"The Company reminds the Shareholders that as the Restructuring Plan was approved at the Bondholder Meeting by the requisite majority, if the Court sanctions the Restructuring Plan at the hearing on 21 June 2021, the Restructuring Plan will be binding on all Shareholders despite the resolution not being duly passed at the Shareholder Meeting.
Further the Shareholders and bondholders of the Company are reminded that if the Restructuring Plan is not sanctioned by the Court, the Restructuring will not be capable of being implemented. In that scenario, it is likely that there would be a controlled wind-down of the Group's operations followed by an insolvent liquidation of the Company."
Jubileey, "after 1 year has gone by the hedges will be higher, allowing us to profit a 100% of the current increase in oil prices. We will also recieve 2.5% of the Ugandan production in contigent payments"
Walk me through how you will receive Uganda production contingent payments in a years time when first oil is expected in 2025...?