• Natural Gas News

    Premier Shareholders Vote for Chrysaor Deal

Summary

The deal is on track for completion end March.

by: William Powell

Posted in:

Complimentary, Natural Gas & LNG News, Corporate, Mergers & Acquisitions, Exploration & Production, News By Country, United Kingdom

Premier Shareholders Vote for Chrysaor Deal

Shareholders in Premier voted overwhelmingly in favour of the all-share takeover proposed by Chrysaor which is on track to complete this quarter, the UK-listed target company said after the January 12 general meeting. 

Premier also said it had received Vietnam antitrust approval in relation to the deal and the regulatory condition to the transaction regarding Premier's licence interests in the Falkland Islands has also been satisfied, it said.

The takeover remains subject to, amongst other things, formal approval by the company's creditors and sanction by the Scottish Court of the Scottish restructuring plans. The latter is expected January 25, with the creditor vote expected a month later. As previously announced, the requisite level of Premier's creditors have irrevocably undertaken to vote in favour of the restructuring plans.