Matra Petroleum AB

Company update

Company update

Matra Petroleum AB (“Matra”) has been notified by Nasdaq that the Exchange has initiated a delisting process, due to non-compliance with applicable listing requirements. Matra is considering the notification and its right to comment on the Exchange’s decision.

For further information please contact:

Maxim Barskiy, CEO, Matra Petroleum AB

Tel.:

This information is information that Matra Petroleum AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 31 August 2019, at 13:00 CET.

About Matra Petroleum

Matra Petroleum AB (publ) is a Swedish independent oil and gas exploration and production company. Matra Petroleum 's shares are traded on Nasdaq First North in Sweden under the symbol MATRA. Mangold Fondkommission AB is Certified Adviser (,Tel: +46 (0) 8 50 30 1550, Email: ). Web:

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31/08/2019

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Matra Petroleum AB

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Reports on Matra Petroleum AB

 PRESS RELEASE
Free
Matra Petroleum...

Decision to delist

Decision to delist On 31 August, 2019, Matra Petroleum AB (“Matra”) disclosed that it has been notified by Nasdaq Stockholm (”The Exchange”) that the Exchange has initiated a delisting process, due to non-compliance with applicable listing requirements. The Exchange has today informed Matra about delisting as follows: The Exchange has in accordance with point 6.2.2 in the current Rulebook for Nasdaq First North Growth Market (”the Rulebook”) and point 6.3 in the Supplement B to the Rulebook decided that the shares in Matra Petroleum AB shall be delisted from Nasdaq First North Nordic Gro...

October 8, 2019 1 EN
 PRESS RELEASE
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Company update

Company update Matra Petroleum AB (“Matra”) has been notified by Nasdaq that the Exchange has initiated a delisting process, due to non-compliance with applicable listing requirements. Matra is considering the notification and its right to comment on the Exchange’s decision. For further information please contact:Maxim Barskiy, CEO, Matra Petroleum ABTel.: This information is information that Matra Petroleum AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, o...

August 31, 2019 1 EN
 PRESS RELEASE
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Announcement from Matra Petroleum’s continuing annual general meetin...

Announcement from Matra Petroleum’s continuing annual general meeting At the continuing annual general meeting (“AGM”) of Matra Petroleum AB, that was held today on 13 June 2019, the following matters were addressed: Election of the board of directors and remunerationAt the AGM that was held on 23 May 2019, it was resolved that all items regarding election of directors should be postponed to a continuing general meeting that was held today on 13 June 2019. Since no proposal regarding directors was presented at the continuing meeting, no resolution was passed regarding election of the boar...

June 13, 2019 1 EN
 PRESS RELEASE
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Company update

Company update Creditors under credit agreements with Legacy Texas Bank and Melody Business Finance have demanded acceleration of Matra’s US subsidiaries’ obligations and notified these companies that all debt, in total at least USD 73.6 million, is due and immediately payable to the creditors. The creditors have further requested that collateral for the loans is sold at forelosure sales on July 2, 2019. The collateral includes essentially all Matra Petroleum’s oil and gas assets. Matra Petroleum’s U.S subsidiaries have not secured refinancing, are considering liquidation options, and wil...

June 10, 2019 1 EN
 PRESS RELEASE
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Company update

Company update On May 22, 2019, Matra Petroleum disclosed that it was evaluating a temporary restraining order and court injunction against Matra Petroleum AB’s US subsidiaries which further constrains liquidity and refinancing options. As the court order restricts intra-group transactions and funding from the US subsidiaries, the group’s parent company, Matra Petroleum AB, currently does not have access to sufficient funding to cover working capital requirements for the coming three months. The court order further constrains the US subsidiaries refinancing options as previously disclosed...

June 5, 2019 1 EN

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