Hurricane Energy 7.5% convertible noteholders vote to restructure

Chicago, June 11 – Hurricane Energy plc announced the results of its noteholder meeting held on Friday to approve a restructuring plan, according to a press release.

The plan was duly passed on a poll with bondholders present and voting representing 84.89% of the total amount outstanding (plan claims of $197,070,375 present and voting out of $232,156,250 plan claims outstanding total).

All present voted in favor of the resolution.

The court hearing to sanction the restructuring plan is set to take place on June 21.

In the unlikely event that the court should not sanction the restructuring plan, the company will begin a wind-down of the group’s operations.

Stifel Nicolaus Europe Ltd. is the nominated adviser and joint corporate broker.

Investec Bank plc is the joint corporate broker.

Hurricane Energy is a Godalming, United Kingdom-based oil and gas company.

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