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Announcement
Date : 24 November 2015

OTHERS PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY") - PROPOSED PRIVATE PLACEMENT OF UP TO 119,272,400 ORDINARY SHARES OF PERISAI REPRESENTING APPROXIMATELY TEN PERCENT (10%) OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF PERISAI ("PROPOSED PRIVATE PLACEMENT")

PERISAI PETROLEUM TEKNOLOGI BHD

Type Announcement
Subject OTHERS
Description
PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY")
- PROPOSED PRIVATE PLACEMENT OF UP TO 119,272,400 ORDINARY SHARES OF PERISAI REPRESENTING APPROXIMATELY TEN PERCENT (10%) OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF PERISAI ("PROPOSED PRIVATE PLACEMENT")

We refer to announcements dated 7 October 2015, 8 October 2015, 19 October 2015 and 21 October 2015 in relation to the Proposed Private Placement (Announcements). All abbreviations and definitions used herein shall have the same meanings as the words and expressions defined in the Announcements, except where the context otherwise requires or where otherwise defined herein.

Further to the Announcements, the Board is pleased to announce that the Company had on 24 November 2015 procured a placee for the Proposed Private Placement vide the execution of a call option agreement (Call Option Agreement) with Macquarie Bank Limited (Macquarie or the Investor) pursuant to which the Investor is granted call options with the right to exercise and be issued with up to 119,000,000 ordinary shares of RM0.10 each (Call Option(s)) in Perisai at an exercise price to be determined at a later date (Exercise Price) (Exercised Option Share(s)).

Please refer to the attachment for further details.

This announcement is dated 24 November 2015.

 




Please refer attachment below.



Announcement Info

Company Name PERISAI PETROLEUM TEKNOLOGI BHD
Stock Name PERISAI
Date Announced 24 Nov 2015
Category General Announcement for PLC
Reference Number GA1-20112015-00013


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