RNS Number : 8944S
Premier Oil PLC
19 March 2021
19 March 2021
Premier Oil plc
("Premier")
Court Sanction
Premier is pleased to announce that the restructuring plans of Premier and Premier Oil UK Limited (the "Restructuring Plans") received sanction today at a hearing of the Court of Session in Scotland. Following the sanction of the Restructuring Plans, the all share merger between Premier and Chrysaor Holdings Limited and the reorganisation of Premier's existing debt and cross currency swaps are expected to complete on 31 March 2021.
| Enquiries |
|
| Premier Oil plc |
Tel: 020 7824 1116 |
| Richard Rose, Finance Director and Interim CEO Elizabeth Brooks, Head of Investor Relations |
|
|
Camarco |
Tel: 020 3757 4983 |
| Billy Clegg Georgia Edmonds |
|
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