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Nostrum Oil & Gas PLC on Monday said that the restructuring of its senior notes, sub-division of shares and share consolidation will be effective on Thursday. The oil and gas company with operations in Kazakhstan said that the restructuring of its $725 million 8.0% senior notes due July 2022 and the $400 million 7.0% senior notes due February 2025 will be effected on Thursday. The notes were issued by Nostrum Oil & Gas Finance BV. In connection to the restructuring, the company plans a sub-division of its share capital and a 10:1 consolidation of its shares. Both are expected to take place on Thursday too. The company expects that admission and dealings in its share will start on Friday. Nostrum Oil & Gas shares closed up 8.3% at 3.25 pence each on Monday afternoon in London. Copyright 2023 Alliance News Limited. All Rights Reserved.
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