Great News - RNS22 Jun 2023 09:38
OG plc ("IOG", or "the Company"), (AIM: IOG.L) confirms that bondholders controlling 72.8% of the Voting Bonds (representing 100% of the votes casted) have now voted in favour of the proposed Bond amendments as laid out in the RNS of Friday 16th June, meaning these have now been formally approved. As previously stated, the Company will continue to engage with its bondholders as part of efforts to deliver value for its stakeholders.
Rupert Newall, CEO, commented:
"We appreciate the positive response of our bondholders to these short-term amendments. This will help us in our strenuous ongoing efforts to stabilise the business and deliver value for all concerned. We continue to work very actively across the portfolio, not least on the Blythe H2 wireline intervention, and will bring further updates when we have them."