February 12, 2020 / 1:25 PM / 10 days ago

BRIEF-Premier Oil Creditors Vote To Approve Deals, New Debt Structure

Feb 12 (Reuters) - Premier Oil PLC:

* RESULT OF SCHEME MEETINGS

* RESOLUTIONS AT EACH OF SCHEME MEETINGS WERE APPROVED BY RELEVANT MAJORITIES OF SCHEME CREDITORS

* OF SENIOR SCHEME CREDITORS, 83.86% OF THOSE VOTING APPROVED SCHEMES WITH 96.51% IN VALUE VOTING

* OF SUPER SENIOR SCHEME CREDITORS, 86.81% IN VALUE OF THOSE VOTING APPROVED SCHEMES WITH 99.30% IN VALUE VOTING

* SCHEMES REMAIN SUBJECT TO APPROVAL BY SCOTTISH COURT OF SESSION WITH SANCTION HEARING SCHEDULED TO COMMENCE ON MARCH 17

* RESOLUTIONS APPROVED AT SCHEME MEETINGS HELD FOR PROPOSING RESOLUTIONS TO IMPLEMENT UK NORTH SEA ACQUISITIONS, FUNDING ARRANGEMENTS

* RESOLUTIONS APPROVED AT SCHEME MEETINGS HELD FOR PROPOSING RESOLUTIONS TO EXTEND CO’S CREDIT FACILITIES Source text for Eikon: Further company coverage:

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