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BRIEF-Igas Energy bondholders vote in favour of restructuring plan
April 3, 2017 / 11:11 AM / 8 months ago

BRIEF-Igas Energy bondholders vote in favour of restructuring plan

April 3 (Reuters) - IGas Energy Plc:

* All resolutions passed at general meeting and bondholder meetings

* At bondholder meetings resolutions obtained 100 pct of votes in each of secured bonds and unsecured bonds

* As a result, restructuring of co’s secured bonds, fundraising is expected to become effective at 8.00am, April 4, 2017 upon admission

* Overall net debt is reduced from c.$122 million at Dec. 31, 2016 (equivalent to c.£100m) to c.$7 million (equivalent to c.£6 million) Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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