Suspension of listing of global depositary receipts of Nostrum Oil & Gas LP
On 20 May 2014, the Directors of Nostrum Oil & Gas LP (the “Partnership”), an independent oil and gas exploration and production company with assets in north western Kazakhstan, posted a Scheme Document to its existing security holders to approve among other things a new corporate structure, as described in the Scheme Document, (the “Scheme”) and admission to listing on the premium listing segment of the Official List and to trading on the London Stock Exchange’s main market (“Admission”) of a public limited liability company newly incorporated in England and Wales, namely Nostrum Oil & Gas plc (the “Company”), which will be the new holding company for the business of the Partnership and its subsidiary undertakings.
Further to the Partnership’s announcement of 11 June 2014, the Partnership confirms that the listing of its GDRs on the standard listing segment of the Official List has been suspended with effect from 7.30 a.m. on 13 June 2014.
Following such suspension, GDR Holders will be able to transfer or otherwise dispose of their interests in GDRs but will not be able to effect transfers of their GDRs via the London Stock Exchange. Holders of GDRs should be aware that any transfers of GDRs after the suspension of trading of the GDRs on the London Stock Exchange may not provide sufficient time for such transfers to be appropriately reflected in the register of holders of the GDRs prior to the Scheme Record Time and thereby ensure their entitlement to the receipt of New Shares. The suspension is expected to last for five business days to allow the register of holders of GDRs to be updated, to allow the Partnership to implement the Scheme, to effect the Reorganisation and to obtain the remaining regulatory consents, before dealings in the New Shares are expected to commence, and the listing of the GDRs is expected to be cancelled, on the second business day following the Scheme becoming effective.
Further announcements will be made in due course.