Holders of PA Resources AB’s (“the company”) SEK- and NOK-denominated bonds (the
“SEK-bond” and “NOK-bond” respectively) have today in the form of a written
procedure, for the SEK-bond, and a bondholders meeting, for the NOK-bond,
(collectively referred to as the “bondholders’ meetings”) approved the changes
to the bonds’ terms and conditions which makes up the basis of the proposed
reorganisation plan as put forward by the company and the administrator and
published on the 9 September 2015. The result of the bondholders’ meetings is
binding to all holders of the respective bonds. On the 2 October 2015 at 13:00
CET the Stockholm District Court will hold the creditors meeting for composition
proceedings.
The Stockholm District Court has also notified that it has approved the
company’s request for a further extension of the corporate reorganisation until
the 28 December 2015.
Stockholm 29 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 17:45 CET 29 September 2015.
