INVESTOR RELATIONS

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

BURSA ANNOUNCEMENTS
Date : 05 November 2020

MATERIAL LITIGATION KUALA LUMPUR HIGH COURT SUIT NO. WA-22NCC-459-09/2020. BARAKAH OFFSHORE PETROLEUM BERHAD, NIK HAMDAN BIN DAUD & PBJV GROUP SDN. BHD. WRIT OF SUMMONS AND STATEMENT OF CLAIM AGAINST SAMLING ENERGY SDN. BHD., UNITED POWER GROUP HOLDINGS LIMITED, YAW HOLDING SDN. BHD., SAMLING RESOURCES SDN. BHD., CHEW THEAM HOCK, YAW TECK SENG @ HIEW TECK SENG, MAGNADRIVE SDN. BHD. AND SYARIKAT SAMLING TIMBER SDN. BHD.

BARAKAH OFFSHORE PETROLEUM BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
KUALA LUMPUR HIGH COURT SUIT NO. WA-22NCC-459-09/2020. BARAKAH OFFSHORE PETROLEUM BERHAD, NIK HAMDAN BIN DAUD & PBJV GROUP SDN. BHD.  WRIT OF SUMMONS AND STATEMENT OF CLAIM AGAINST SAMLING ENERGY SDN. BHD., UNITED POWER GROUP HOLDINGS LIMITED, YAW HOLDING SDN. BHD., SAMLING RESOURCES SDN. BHD., CHEW THEAM HOCK, YAW TECK SENG @ HIEW TECK SENG, MAGNADRIVE SDN. BHD. AND SYARIKAT SAMLING TIMBER SDN. BHD.

We refer to the Company’s announcements dated 23.09.2020 and 25.09.2020.

 

The Company wishes to update the status of the civil suit as at to date, as follows:

 

  1. Due to typographical error, the amount of claim as stated in item 3 of paragraph two of the Company’s announcement dated 23.09.2020, and item 2(c) of the Company’s announcement dated 25.09.2020 in respect of paragraph 65, prayer (c) of the Statement of Claim has been amended from RM220,038,028.00 to RM22,038,028.00.

 

 

 

2. Consequently, the Court has provided the sealed order for the amended Writ of Summons and Statement of Claim dated 22.10.2020.

 

 

The Company will make further announcements on material development on this matter from time to time.

 

This announcement is dated 05 November 2020.






Announcement Info

Company Name BARAKAH OFFSHORE PETROLEUM BERHAD
Stock Name BARAKAH
Date Announced 05 Nov 2020
Category General Announcement for PLC
Reference Number GA1-05112020-00106


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