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Investegate |Hurricane Energy PLC Announcements | Hurricane Energy PLC: Update on Proposed Financial Restructuring


 
 
Further to the announcement made on 30 April 2021 (the Previous Announcement ) regarding the proposed financial restructuring of the Group (the Restructuring ), the Company confirms that it today filed a claim form and draft explanatory statement at the High Court of Justice in London ahead of a convening hearing (the Convening Hearing ) expected to be held virtually via video conference on 21 May 2021.
 
 
The purpose of the Convening Hearing is to seek directions for the convening and conduct of a virtual meeting (the Plan Meeting ) of the holders (the Bondholders ) of the Company s $230 million convertible bonds due 24 July 2022 (the Convertible Bonds ) for the purposes of considering, and if thought fit approving, the restructuring plan (the Restructuring Plan ) proposed under Part 26A of the Companies Act 2006 ( Part 26A ).  The Restructuring Plan process was commenced, as outlined in the Previous Announ ....

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