PA Resources AB (“the Company”) has today filed a petition with the Stockholm
District Court to extend the corporate reorganisation with a further three
months.
The company filed for corporate reorganisation on the 26 March 2015. Following a
decision by the District Court on the 9 July 2015 the corporate reorganisation
was extended until the 28 September 2015. The 9 September 2015 the company filed
a request for a composition proceedings with the court, following which the
court on the 10 September 2015 decided a creditors’ meeting under composition
proceedings is to be held on the 2 October 2015.
As the creditors’ meeting is to be held after the 28 September 2015, it is
necessary to extend the corporate reorganisation so that the creditors’ meeting
can be held and the composition can become legally binding.
Stockholm 17 September, 2015
PA Resources AB (publ)
For additional information, please contact:
Petter Hjertstedt, Investor Relations
Phone: +46 8 545 211 50
E-mail: ir@paresources.se
PA Resources AB (publ) is an international oil and gas group which conducts
exploration, development and production of oil and gas assets. The Group
operates in Tunisia, Republic of Congo (Brazzaville), United Kingdom, Denmark,
Netherlands and Germany. PA Resources has oil production in Tunisia. The parent
company is located in Stockholm, Sweden. PA Resources’ net sales amounted to SEK
603 million in 2014. The share is listed on the NASDAQ OMX in Stockholm, Sweden.
For additional information, please visit www.paresources.se.
The above information has been made public in accordance with the Securities
Market Act and/or the Financial Instruments Trading Act. The information was
published at 16:00 CET 17 September 2015.
