Genel Energy PLC - London-based oil producer with assets in Somaliland, Morocco and Iraq’s Kurdistan region - Announces the result of the reverse tender offer to holders of Genel Energy 4 Finance PLC’s $300 million senior unsecured callable bonds. Says the company accepted offers for $16.2 million nominal value of bonds with the maximum accepted price set to 93.5% of nominal value. States cash settlement for the bonds, including accrued interest, is expected to occur on October 13. Pareto Securities acted as broker for the buy-back offer.

Current stock price: 83.70 pence

12-month change: down 46%

Copyright 2023 Alliance News Ltd. All Rights Reserved.