20th May 2021 20:34
Hurricane Energy PLC - producer from Lancaster oil field, located west of Shetland - Confirms restructuring plan court hearing to take place on Friday. Last month, Hurricane agreed proposed financial restructuring plan with a majority of bondholders, who would take control of the firm. On Wednesday, Hurricane said it received a requisition notice from Crystal Amber Fund Ltd, proposing to remove five directors and appoint two new directors amid unhappiness over the debt restructuring plan.
Current stock price: 1.20 pence, down 7.7% on Thursday
Year-to-date change: down 52%
By Eric Cunha; [email protected]
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