REG - IOG PLC - Approval of Bond Waiver

IogAnnouncement

03/08/2023 14:00

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RNS Number : 2585I  IOG PLC  03 August 2023

3 August 2023

 

IOG plc

 

Approval of Bond Waiver

 

IOG plc ("IOG", or "the Company"), (AIM: IOG.L) confirms that bondholders
controlling 70% of the Voting Bonds (representing 100% of the votes cast) have
now voted in favour of the Bond Waiver Agreement described in the RNS of 2
August 2023, meaning this has now been formally approved.

 

Rupert Newall, CEO, commented:

 

"We appreciate the bondholders' approval of this waiver, which applies to the
end of September. This will enable us to continue our dedicated efforts to
address the challenges facing the business and deliver an outcome in the best
interests of all stakeholders. We will keep the market updated on further
progress in subsequent announcements at the appropriate times."

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the company's obligations under Article 17 of
MAR.

 

Enquiries:

 

 IOG plc                                            info@iog.co.uk (mailto:info@iog.co.uk)

 Rupert Newall (CEO)

 James Chance (Head of Capital Markets & ESG)

 Vigo Consulting                                    iog@vigoconsulting.com (mailto:iog@vigoconsulting.com)

 Patrick d'Ancona / Finlay Thomson

 finnCap Ltd

 Christopher Raggett / Simon Hicks

 Peel Hunt LLP

 Richard Crichton / David McKeown

About IOG:

 

IOG is a UK developer and producer of indigenous offshore gas. The Company
began producing gas in March 2022 via its offshore and onshore Saturn Banks
production infrastructure. In addition to its production assets, IOG operates
several UK Southern North Sea licences containing gas discoveries and
prospects which, subject to future investment decisions, may be commercialised
through the Saturn Banks infrastructure. All its assets are co-owned 50:50
with its joint venture partner CalEnergy Resources (UK) Limited. Further
details of its portfolio can be found at www.iog.co.uk (http://www.iog.co.uk)
.

 

 

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