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Lender Discussions Update

1 Sep 2016 07:00

RNS Number : 5879I

Premier Oil PLC

01 September 2016

This announcement has been determined to contain inside information

PREMIER OIL PLC

("Premier" or "the Company")

Lender discussions update

1 September 2016

As previously announced, Premier is in discussions with its lending group on the terms of its existing financial facilities. These continue to progress well. While these discussions continue Premier has been receiving monthly deferrals in respect of the tests of its financial covenants. Therefore, and as anticipated, the test for the 12 month period ending 31 August 2016 has been waived and replaced by a test for the 12 month period ending 30 September 2016. Premier expects to continue to receive monthly deferrals of the test of its financial covenants until negotiations conclude.

Enquiries
Premier Oil plc	Tel: 020 7730 1111
Tony Durrant, Chief Executive
Richard Rose, Finance Director
Bell Pottinger	Tel: 020 3772 2570
Gavin Davis
Henry Lerwill

This information is provided by RNS

The company news service from the London Stock Exchange

END

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11th Aug 2014	5:06 pm	RNS	Transaction in Own Shares
8th Aug 2014	5:46 pm	RNS	Transaction in Own Shares

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