12 Mar 2014 11:04
RNS Number : 1197C
IPIC GMTN Limited
12 March 2014
On 5 March 2014, the bonds issued by the Independent Public Business Corporation of Papua New Guinea to the International Petroleum Investment Company (IPIC) exchanged into shares of Oil Search Limited (OSL) in accordance with the terms of the bonds. Accordingly, IPIC is now a holder of 196.6 million shares in OSL representing approximately a 13.2 per cent stake.
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