24th Sep 2010 10:52
Max Petroleum Plc
(the "Company" or "Max Petroleum")
Results of Bondholder Meeting
24 September 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the holders (the "Bondholders") of its U.S.$75,000,000 6.75 per cent Convertible Bonds due September 2012 issued by the Company (the "Bonds") agreed by unanimous vote today at a duly convened meeting of the Bondholders to waive their redemption rights and/or any events of default that may otherwise have arisen under the terms of the Bonds, in connection with the termination of the Astrakhanskiy Licence as previously announced by the Company on 19 July 2010.
Enquiries:
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Max Petroleum Plc
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Michael Young President and Chief Financial Officer |
Tel: +44 (0)20 7355 9590
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Peter Moss Vice President Corporate Development and Investor Relations
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Merlin PR
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Tom Randell / Anca Spiridon |
Tel: +44 (0)7887 884 794 |
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WH Ireland Ltd
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Daniel Bate |
Tel: +44 (0)161 832 2174
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Macquarie |
Paul Connolly / Ben Oakley |
Tel: +44 (0)203 037 2000 |
Related Shares:
MXP.L