REG - Nostrum Oil & Gas - Consent solicitation results at early consent date

Nostrum Oil & GasAnnouncement

Yesterday 16:45

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RNS Number : 5758Z  Nostrum Oil & Gas PLC  16 September 2025

 

 

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FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF THAT JURISDICTION

London and the Netherlands, 16 September 2025

 

Consent Solicitation Results At Early Consent Deadline

As announced previously, Nostrum Oil & Gas Finance B.V. (the "Issuer"), a
wholly-owned subsidiary of Nostrum Oil & Gas PLC (the "Parent"), was
required by 30 June 2025 to have paid accrued interest in accordance with the
terms and conditions of the Issuer's outstanding notes with ISIN USN64884AF16,
US66978CAF95, USN64884AE41 and US66978CAD48 (the "Notes"). The Notes are
guaranteed by, among other entities, the Parent. As the Issuer did not pay the
due interest in accordance with the terms and conditions of the Notes, such
default has become an "Event of Default" (as defined in the conditions of the
Notes) and the Issuer launched a consent solicitation with respect to such
Event of Default.

As of the early consent deadline, the results of the consent solicitation are
as follows:

In respect of the senior secured notes, the extraordinary resolution has been
passed by over 75% in aggregate principal amount of the senior secured notes
and has therefore been adopted and no meeting will be held in respect of the
senior secured notes.

In respect of the senior unsecured notes, in excess of 60% but under 75% in
aggregate principal amount of the senior unsecured notes voted in favour of
the  extraordinary resolution. At this stage, the extraordinary resolution in
respect of the senior unsecured notes has not passed and there would be no
quorum at the relevant initial noteholder meeting, however, subject to any
further votes, there would be a quorum at the applicable adjourned meeting and
the extraordinary resolution would pass.

In respect of each series of Notes, holders can continue to vote in order to
receive the late consent fee.

Unless waived by the Issuer, the implementation of the extraordinary
resolutions are conditional on each series of Notes passing the applicable
extraordinary resolution.

Timing

A results announcement with respect to the consent solicitation is available
on the Parent's website: www.nostrumoilandgas.com
(http://www.nostrumoilandgas.com) and can also be accessed using the link
below.

The Parent thanks holders of the Notes for their support and participation in
resolving these third party issues that are delaying the interest payment due
on the Notes.

Download: https://wp-nostrumoilandgas-new-2020.s3.eu-west-2.amazonaws.com/media/2025/09/CONSENT-SOLICITATION-RESULTS-AT-EARLY-CONSENT-DEADLINE.pdf
(https://wp-nostrumoilandgas-new-2020.s3.eu-west-2.amazonaws.com/media/2025/09/CONSENT-SOLICITATION-RESULTS-AT-EARLY-CONSENT-DEADLINE.pdf)

LEI: 2138007VWEP4MM3J8B29

 

 

Further information

For further information please visit www.nostrumoilandgas.com
(http://www.nostrumoilandgas.com)

 

Further enquiries:

Nostrum Oil & Gas PLC

Thomas Hartnett - Chief Legal Officer / Company Secretary

ir@nog.co.uk

 

Instinctif Partners -
UK
 

Galyna Kulachek

+ 44 (0) 207 457 2020

nostrum@instinctif.com (mailto:nostrum@instinctif.com)

 

Notifying person

Thomas Hartnett

Company Secretary

 

 

About Nostrum Oil & Gas

Nostrum Oil & Gas PLC is an independent mixed-asset energy company with
world-class gas processing facilities and export hub in north-west Kazakhstan.
Its shares are listed on the London Stock Exchange (ticker symbol: NOG). The
principal producing asset of Nostrum Oil & Gas PLC is the Chinarevskoye
field which is operated by its wholly-owned subsidiary Zhaikmunai LLP, which
is the sole holder of the subsoil use rights with respect to the development
of the Chinarevskoye field. The Company also owns an 80% interest in Positiv
Invest LLP, which holds the subsoil use rights for the "Kamenskoe" and
"Kamensko-Teplovsko-Tokarevskoe" areas in the West Kazakhstan region (the
Stepnoy Leopard fields).

 

Forward-Looking Statements

Some of the statements in this document are forward-looking. Forward-looking
statements include statements regarding the intent, belief and current
expectations of the Company or its officers with respect to various matters.
When used in this document, the words "expects", "believes", "anticipates",
"plans", "may", "will", "should" and similar expressions, and the negatives
thereof, are intended to identify forward-looking statements. Such statements
are not promises nor guarantees and are subject to risks and uncertainties
that could cause actual outcomes to differ materially from those suggested by
any such statements.

 

No part of this announcement constitutes, or shall be taken to constitute, an
invitation or inducement to invest in the Company or any other entity, and
shareholders of the Company are cautioned not to place undue reliance on the
forward-looking statements. Save as required by the relevant listing rules and
applicable law, the Company does not undertake to update or change any
forward-looking statements to reflect events occurring after the date of this
announcement.

 

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