INVESTOR RELATIONS

FORM OF NOTICE OF CONVERSION OF 5-YEAR 3.5% REDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS ("RCULS" OR "BARAKAH-LA")

BURSA ANNOUNCEMENTS
Date : 31 July 2019

OTHERS BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR "THE COMPANY") - OUTCOME OF THE COURT CONVENED MEETINGS ("CCMs") UNDER SECTION 366 OF THE COMPANIES ACT 2016 ON 31 JULY 2019

BARAKAH OFFSHORE PETROLEUM BERHAD

Type Announcement
Subject OTHERS
Description
BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR "THE COMPANY")

- 	OUTCOME OF THE COURT CONVENED MEETINGS ("CCMs") UNDER SECTION 366 OF THE COMPANIES ACT 2016 ON 31 JULY 2019

Reference is made to the announcement dated 9 July 2019 in relation to the Notices of CCMs of Scheme Creditors.

 

The Board of Directors of Barakah wishes to announce that the CCMs were convened on 31 July 2019.

 

At the said CCMs, the Company informed the Scheme Creditors that due to the suspension letter issued by Petronas dated 8 July 2019 (which was announced on 9 July 2019) notifying the suspension of PBJV Group Sdn Bhd’s license, this had made it challenging for the Company to implement the proposed scheme presented to the Scheme Creditors. In view of the same, the Company decided not to proceed with the proposed scheme and the proposed scheme was not put to vote by the Scheme Creditors in the respective CCMs.

 

Further development will be announced to Bursa Malaysia Securities Berhad in due course.

 

This announcement is dated 31 July 2019.

 






Announcement Info

Company Name BARAKAH OFFSHORE PETROLEUM BERHAD
Stock Name BARAKAH
Date Announced 31 Jul 2019
Category General Announcement for PLC
Reference Number GA1-31072019-00173


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