Global law firm White & Case LLP has advised RBC Capital Markets as Sponsor on the disposal of Premier Oil plc's (Premier) interests in the Wytch Farm oil field (Wytch Farm), which constitutes a Class 1 transaction for Premier under the Listing Rules.

On November 20, 2017, Premier entered into a sale and purchase agreement with Perenco UK Limited to sell Wytch Farm for a cash consideration of US$200 million, subject to certain customary financial adjustments, including working capital adjustments.

This is one in a number of transactions by Premier on which White & Case has advised RBC as Sponsor. "White & Case has advised RBC in its key role as Sponsor on a number of significant transactions," said London-based White & Case partner Philip Broke, who led the White & Case team. "This deal is another example of our substantial experience advising on listed company matters, and we look forward to continuing our relationship with RBC and supporting other transactions in the future."

RBC is a premier global investment bank providing expertise in banking, finance and capital markets to corporations, institutional investors, asset managers and governments around the world. With more than 14,000 clients in 115 countries, RBC is consistently ranked among the ten largest and most significant investment banks globally.

The White & Case team in London that advised on the transaction was led by partner Philip Broke with support from associates Stephen Carlton and Olivia Chinwokwu.