INVESTOR RELATIONS

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

BURSA ANNOUNCEMENTS
Date: 01 April 2015

OTHERS BARAKAH OFFSHORE PETROLEUM BERHAD ("Barakah" or the "Company") Incorporation of a company

 

Type Announcement
Subject OTHERS
Description BARAKAH OFFSHORE PETROLEUM BERHAD ("Barakah" or the "Company")
Incorporation of a company

The Board of Directors of Barakah wishes to inform that Barakah, had on 31 March 2015 completed the incorporation of PBJV Energy (Labuan) Limited ("PBJV Energy") (Company No. LL11833), a company limited by shares, under the Labuan Companies Act 1990.

 

PBJV Energy, a wholly owned subsidiary of Barakah was incorporated with issued and paid-up share capital of USD100 divided into 100 ordinary shares of USD1.00 each. The nature of business to be carried by PBJV Energy is in oil and gas exploration, development and production.

 

The incorporation of PBJV Energy is not expected to have any material effect on the earnings and net assets of Barakah Group for financial year ending 31 December 2015.

 

None of the Directors and/or major shareholders of Barakah and/or persons connected to them have any direct or indirect interest in the incorporation of PBJV Energy

This announcement is dated 1 April 2015

 

 

 

 



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