REG - Nostrum Oil & Gas - Notification of delayed interest payments

Nostrum Oil & GasAnnouncement

10/07/2025 11:45

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RNS Number : 5841Q  Nostrum Oil & Gas PLC  10 July 2025

 

 

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF THAT JURISDICTION

10 July 2025

 

Notification of delayed interest payments - payment administration issue to
clearing systems

 Description of Notes                              CUSIP  / ISIN                                              Amount Outstanding
 USD 5.00% Senior Secured Notes due 2026           Reg S: CUSIP: N64884AF1 / ISIN: USN64884AF16               USD $244,372,000

Private Placement: CUSIP: 66978CAF9 / ISIN: US66978CAF95
 USD 1.00%/13.00% Senior Unsecured Notes due 2026  Reg S: CUSIP: N64884AE4 / ISIN: USN64884AE41               USD $456,279,196

Private Placement: CUSIP: 66978CAD4 / ISIN: US66978CAD48

London and the Netherlands, 10 July 2025 - Nostrum Oil & Gas Finance B.V.
(the "Issuer"), a wholly-owned subsidiary of Nostrum Oil & Gas PLC (the
"Parent"), was required by June 30, 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. The
Issuer hereby notifies that, as of July 10, 2025, it has not paid the due
interest in accordance with the terms and conditions of the Notes.

The delay is the result of a payment administration issue which currently does
not permit the Issuer to make a payment on the Notes through the clearing
systems. The delay in the interest payments does not reflect any issue of the
Parent's or Issuer's solvency or liquidity. All underlying funds for making
the interest payments are available and secured. The Issuer is currently
working to resolve the relevant issues.

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

Tim Pearson

+ 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 oil and gas company currently
engaging in the production, development and exploration of oil and gas in the
pre-Caspian Basin. Its shares are listed on the London Stock Exchange (ticker
symbol: NOG), the Astana International Exchange (ticker symbol: NOG) and the
Kazakhstan Stock Exchange (ticker symbol: GB_NTRM). The principal producing
asset of Nostrum Oil & Gas PLC is the Chinarevskoye field, that is being
operated by a wholly-owned subsidiary of Nostrum Oil & Gas PLC -
Zhaikmunai LLP, who is the sole holder of the subsoil use rights with respect
to the development of the field.

 

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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