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Announcement
Date : 25 November 2015

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING 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 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
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")

This announcement should be read in conjunction with the earlier announcements made on 7 October 2015, 8 October 2015, 19 October 2015, 21 October 2015 and 24 November 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 wishes to inform that the Company had on 25 November 2015 entered into a supplemental call option agreement (Supplemental Call Option Agreement) with Macquarie in relation to the Call Option. The Supplemental Call Option Agreement entails that the Parties hereby agree that with effect from the date of the Supplemental Call Option Agreement, the Call Option Agreement shall be amended as follows:

Clause 2.6 Payment for each exercise

Clause 2.6 of the Call Option Agreement shall be deleted in its entirety and replaced with the following:

2.6 Payment for each exercise

The Exercise Payment Amount for each exercise shall be an amount equal to the Exercise Price multiplied by the number of Exercised Call Options, and shall be indicated in the Exercise Notice to be delivered by the Investor to the Company in connection with such exercise and shall be paid on the Exercise Notice Date by transfer of immediately available funds to the bank account of the placement agent. The Exercise Payment Amount for each exercise shall be at least RM 1,500,000.

 

This announcement is dated 25 November 2015.

 

 






Announcement Info

Company Name PERISAI PETROLEUM TEKNOLOGI BHD
Stock Name PERISAI
Date Announced 25 Nov 2015
Category General Announcement for PLC
Reference Number GA1-25112015-00044


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