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Deferral of financial covenant test

3 Oct 2016 07:00

RNS Number : 4511L
Premier Oil PLC
03 October 2016
 

This announcement has been determined to contain inside information

 

PREMIER OIL PLC

("Premier" or "the Company")

Deferral of financial covenant test

3 October 2016

 

As anticipated, Premier has agreed a further deferral in respect of the test of its financial covenants with the test for the 12 month period ending 30 September 2016 waived for a further period and to be replaced by a test for the 12 month period ending 31 October 2016. Premier expects to continue to receive monthly deferrals until negotiations with its lending group conclude.

Enquiries

 

 

Premier Oil plc

Tel: 020 7730 1111

Tony Durrant, Chief Executive

 

Richard Rose, Finance Director

 

 

Bell Pottinger

Tel: 020 3772 2570

James Henderson

 

Henry Lerwill

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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