5th Sep 2018 08:26
LONDON (Alliance News) - Premier Oil PLC said Wednesday it mandatorily converted its remaining USD28.8 million in convertible bonds.
As a result of the conversion, the oil & gas company will issue 31.4 million ordinary shares. Premier Oil expects the new shares to be admitted to trading on Thursday.
Following the conversion, the company said it has no more outstanding bonds and has further reduced its debt, in line with its strategy.
Premier Oil shares were trading down 1.9% at 124.78 pence each Wednesday morning.
Related Shares:
PMO.L