INVESTOR RELATIONS

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

BURSA ANNOUNCEMENTS
Date : 04 January 2021

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

BARAKAH OFFSHORE PETROLEUM BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description
BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY")

- 	MONTHLY ANNOUNCEMENT PURSUANT TO THE PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

We refer to the First Announcements made by the Company on 17 May 2019 and 21 May 2019 and the monthly announcements made on 3 June 2019, 1 July 2019, 1 August 2019, 3 September 2019, 1 October 2019, 1 November 2019, 2 December 2019, 2 January 2020, 3 February 2020, 2 March 2020, 1 April 2020, 4 May 2020, 1 June 2020, 1 July 2020, 3 August 2020, 1 September 2020, 1 October 2020, 2 November 2020 and 1 December 2020 (Monthly Announcements) in relation to the Company being classified as an affected listed issuer under PN17. Unless otherwise defined, the definitions set out in the First Announcements and Monthly Announcements shall apply herein.

 

The Board of Directors wishes to inform that the Company is in the midst of formulating a plan to regularise its financial conditions (Regularisation Plan). With the extension of time provided by Bursa Securities in its circular dated 26 March 2020, for submission of a regularisation plan by listed issuers who had triggered the PN17 criteria from 2 January 2019 to 31 December 2020, the Company has approximately four (4) months to submit its Regularisation Plan to the relevant authorities for approval.

 

Further announcement will be made to Bursa Securities with regards to the development of the Regularisation Plan in due course.

 

This announcement is dated 4 January 2021.






Announcement Info

Company Name BARAKAH OFFSHORE PETROLEUM BERHAD
Stock Name BARAKAH
Date Announced 04 Jan 2021
Category General Announcement for PLC
Reference Number GA1-04012021-00106


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