EnQuest scheme OK’d by noteholders; court sanction hearing Nov. 16

By Caroline Salls

Pittsburgh, Nov. 14 – EnQuest plc’s scheme of arrangement was approved by holders of its high-yield notes and retail notes at a meeting held Monday, according to a news release.

EnQuest said a total of 1,931 scheme creditors voted, representing 84.91% of the notes claims. Of that amount, 1,929 voted in favor of the scheme, representing 99.9% by number and 99.87% by value of the votes cast.

Completion of the scheme is now subject to court sanctioning.

A hearing is scheduled to take place in the Companies Court, Chancery Division of the High Court of Justice of England and Wales on Nov. 16.

EnQuest is a London-based petroleum exploration and production company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.