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Nostrum Oil & Gas PLC announced on 15 June 2022 that the Scheme Convening Hearing for its proposed Scheme of Arrangement is anticipated to take place on 20 June 2022. This hearing will occur at the Business and Property Courts in the High Court of Justice of England and Wales. At the hearing, Nostrum Oil & Gas PLC will seek an order to obtain directions for the Scheme, including permission to convene a meeting for Scheme Creditors to consider and approve it.
| Date | 15 Jun 2022 |
| Time | 11:16:47 |
| Category | Capital structure |
| ID | 9832O |
FOR IMMEDIATE RELEASE
London, 15 June 2022
Proposed Scheme of Arrangement of the Company
Date of Scheme Convening Hearing
Further to the announcement issued by Nostrum Oil & Gas PLC ("Nostrum", or "the Company") on 11 May 2022 regarding the Practice Statement Letter distributed on that date in relation to the Scheme, notice is hereby given that the Company now anticipates that the Scheme Convening Hearing will take place at the Business and Property Courts in the High Court of Justice of England and Wales on 20 June 2022. The exact time and location to be confirmed by the Court in due course.
Once the Court confirms the time and location of the Scheme Convening Hearing (which it is expected to do on or around 17 June 2022), the Company intends to make a further announcement providing these details. The time and location of the Scheme Convening Hearing will also be published by the Court on the Business and Property Courts Rolls Building Cause List, which can be accessed via the following link: https://www.justice.gov.uk/courts/court-lists/list-cause-rolls2.
At the Scheme Convening Hearing, the Company will seek an order granting it certain directions in relation to the Scheme, including permission to convene a meeting for the Scheme Creditors for the purpose of considering, and, if thought fit, approving the Scheme.
Any Scheme Creditor is entitled to attend the Scheme Convening Hearing to make representations to the Court, or to instruct counsel to attend the Scheme Convening Hearing and to make representations to the Court on his or her behalf.
Scheme Creditors who wish to attend the Scheme Convening Hearing, or who wish to instruct counsel to attend the Scheme Convening Hearing and to make representations to the Court on their behalf, should contact the Court or White & Case LLP (as the Company's co-counsel on the Scheme) by email to [email protected] specifying their name and email address, and if applicable, the name and email address of their counsel.
Capitalised terms used but not defined in this announcement have the meaning given to them in the Practice Statement Letter, which is available to the Scheme Creditors on the Scheme Portal (accessible via the Scheme Website at https://glas.agency/investor_reporting/nostrum-oil-gas-plc/).
LEI: 2138007VWEP4MM3J8B29
Further information
For further information please visit www.nog.co.uk
Further enquiries
Nostrum Oil & Gas PLC
Shane Drader - Chief Financial Officer
GLAS Specialist Services Limited
Information Agent
+44 20 3597 2940
Instinctif Partners - UK
Tim McCall
Sarah Hourahane
Galyna Kulachek
+ 44 (0) 207 457 2020
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) 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.