7th May 2009 07:00
Not for release, publication or distribution in or into Australia, Canada, the Dubai International Financial Centre, New Zealand, the Republic of South Africa, the State of Israel or the United States of America
PREMIER OIL plc
("Premier")
RESULTS OF RIGHTS ISSUE
7th May 2009
Premier announces that it has received valid acceptances in respect of 33,494,965 New Ordinary Shares, representing approximately 94.9% of the total number of New Ordinary Shares offered to Qualifying Shareholders pursuant to the 4 for 9 Rights Issue announced on 25 March 2009.
In accordance with their underwriting obligations in respect of the Rights Issue, the Underwriters will be seeking subscribers for the remaining 1,781,601 New Ordinary Shares, and have until close of business on 11 May 2009 to do so.
It is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts as soon as possible after 8.00 a.m. today and that definitive certificates in respect of the New Shares in certificated form will be despatched on 14 May 2009.
Terms set out in Premier's announcement dated 25 March 2009 have the same meaning in this announcement.
Further information on the acquisition and rights issue is available on Premier's website at www.premier-oil.com
Enquiries
Premier Oil plc Tel: 020 7730 1111
Simon Lockett
Tony Durrant
Pelham PR
James Henderson Tel: 020 7337 1501 / 07774 444 163
Gavin Davis Tel: 020 7337 1515 / 07910 104 660
Evgeniy Chuikov Tel: 020 7337 1513 / 07894 608 606
Related Shares:
PMO.L