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The Oil & Gas Holding Company B.S.C. (c) - Tender Offer - Results

THE OIL & GAS HOLDING COMPANY B.S.C. (c) ANNOUNCES RESULTS OF ITS TENDER OFFER


23 MAY 2023


Full announcement including disclaimers and offer restrictions available via Euronext


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"Results of the Invitation


Following the Expiration Deadline, the Offeror hereby announces that it has decided to accept for purchase the Notes validly tendered pursuant to the Invitation as set out below, subject to the satisfaction of the New Certificates Condition. No Notes have been tendered and accepted for purchase under the Guaranteed Delivery Procedures."



"The Invitation remains subject to the New Certificates Condition and the other conditions and restrictions set out in the Tender Offer Memorandum. The expected Settlement Date is 25 May 2023 in respect of any Notes validly tendered and accepted for purchase. The total consideration payable to each Noteholder in respect of Notes validly submitted for tender and accepted for purchase by the Offeror will be an amount in cash equal to the Purchase Price per U.S.$1,000 in principal amount of Notes validly tendered and accepted for purchase plus the Accrued Interest Payment in respect of such Notes.


Interest will cease to accrue on the Settlement Date for all Notes accepted in the Invitation. All Notes purchased pursuant to the Invitation will be cancelled."


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THE OIL & GAS HOLDING COMPANY B.S.C. (c) ANNOUNCES TENDER OFFER


15 MAY 2023


Full announcement including disclaimers and offer restrictions available via Euronext


"15 May 2023. The Oil & Gas Holding Company B.S.C. (c) (the “Offeror”) hereby announces that it is separately inviting Noteholders of its outstanding U.S.$750,000,000 7.625 per cent. Notes due 7 November 2024 (ISIN: XS1901860160 (Regulation S) and US67778M2C35 (Rule 144A)), issued by the Offeror (the “Notes”) to tender for cash purchase any and all of such Notes by the Offeror (the “Invitation”), all on the terms and subject to the satisfaction of the New Certificates Condition and the other conditions set out in the tender offer memorandum dated 15 May 2023 (the “Tender Offer Memorandum”)."


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"Rationale and background for the Invitation


The rationale for the Invitation, and the intended issuance of New Certificates, is to proactively manage the Offeror’s balance sheet and maturity profiles. Notes purchased by the Offeror pursuant to the Invitation will be cancelled and will not be re-issued or re-sold. Notes which have not been validly offered and accepted for purchase pursuant to the Invitation will remain outstanding."

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