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Stable Platform Agreement approved

9 Jul 2020 07:00

RNS Number : 4654S
Premier Oil PLC
09 July 2020
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Premier Oil plc

("Premier" or "the Group" or "the Company")

Stable Platform Agreement approved

9 July 2020

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Premier is pleased to announce that its creditors have approved the "Stable Platform Agreement". As a result, the Company's financial covenants have been waived through to 30 September 2020 whilst discussions continue over the proposed amendments to the Group's existing credit facilities.

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Enquiries

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Premier Oil plc

Tel: 020 7824 1116

Tony Durrant (CEO)

Richard Rose (Finance Director)

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Camarco

Tel: 020 3757 4983

Billy Clegg

Georgia Edmonds

James Crothers

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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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