PA Resources bondholders approve the reorganisation plan

Holders of PA Resources AB’s (“the company”) SEK- and NOK-denominated bonds (the “SEK-bond” and “NOK-bond” respectively) have today in the form of a written procedure, for the SEK-bond, and a bondholders meeting, for the NOK-bond, (collectively referred to as the “bondholders’ meetings”) approved the changes to the bonds’ terms and conditions which makes up the basis of the proposed reorganisation plan as put forward by the company and the administrator and published on the 9 September 2015. The result of the bondholders’ meetings is binding to all holders of the respective bonds. On the 2 October 2015 at 13:00 CET the Stockholm District Court will hold the creditors meeting for composition proceedings.  

The Stockholm District Court has also notified that it has approved the company’s request for a further extension of the corporate reorganisation until the 28 December 2015.

Stockholm 29 September, 2015
PA Resources AB (publ)

For additional information, please contact:

Petter Hjertstedt, Investor Relations
Phone:   +46 8 545 211 50
E-mail:   ir@paresources.se

PA Resources AB (publ) is an international oil and gas group which conducts exploration, development and production of oil and gas assets. The Group operates in Tunisia, Republic of Congo (Brazzaville), United Kingdom, Denmark, Netherlands and Germany. PA Resources has oil production in Tunisia. The parent company is located in Stockholm, Sweden. PA Resources’ net sales amounted to SEK 603 million in 2014. The share is listed on the NASDAQ OMX in Stockholm, Sweden. For additional information, please visit www.paresources.se.

The above information has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 17:45 CET 29 September 2015.