Sberbank : NOSTRUM OIL & GAS PLC provides update on lock-up agreements

NOSTRUM OIL & GAS PLC provides update on lock-up agreements

18.08.22 15:11

/KASE, August 18, 2022/ - NOSTRUM OIL & GAS PLC (United Kingdom), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated August 17, 2022: quote Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or the "Company" and together with its subsidiaries, the "Group"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, provides an update in relation to the Lock-Up Agreement dated 23 December 2021 (the "First Lock-Up Agreement") and its entry today into a replacement lock-up agreement (the "Second Lock-Up Agreement"). Capitalised terms used but not defined in this announcement have the meaning given to them in the explanatory statement issued by the Company in relation to the Scheme on 21 June 2022. The First Lock-Up Agreement and Lock-Up Fee The First Lock-Up Agreement expired today, being the Longstop Date. Any Noteholder which was entitled to receive the Lock-Up Fee in accordance with the terms of the First Lock-Up Agreement shall receive such Lock-Up Fee on the Restructuring Effective Date (if it occurs), provided that such Noteholder continues to meet the requisite requirements under the First Lock-Up Agreement to do so, including voting in favour of the Scheme by the applicable deadlines. unquote The complete press release is available on KASE website: - https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_170822.pdf - in Russian; - https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_170822_en.pdf - in English. [2022-08-18]