Bursa Announcements
Date : 06 June 2014

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): OTHER ISSUE OF SECURITIES SAPURAKENCANA PETROLEUM BERHAD (“SKPB” OR “COMPANY”) PROPOSED ESTABLISHMENT OF A SHARE ISSUANCE SCHEME OF UP TO FIVE PERCENT (5%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SKPB IN RELATION TO A LONG-TERM INCENTIVE PLAN FOR THE ELIGIBLE EMPLOYEES (INCLUDING EXECUTIVE DIRECTORS) OF SKPB AND ITS SUBSIDIARIES (“PROPOSED SHARE ISSUANCE SCHEME”)

SAPURAKENCANA PETROLEUM BERHAD

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
DescriptionSAPURAKENCANA PETROLEUM BERHAD (“SKPB” OR “COMPANY”)

PROPOSED ESTABLISHMENT OF A SHARE ISSUANCE SCHEME OF UP TO FIVE PERCENT (5%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SKPB IN RELATION TO A LONG-TERM INCENTIVE PLAN FOR THE ELIGIBLE EMPLOYEES (INCLUDING EXECUTIVE DIRECTORS) OF SKPB AND ITS SUBSIDIARIES (“PROPOSED SHARE ISSUANCE SCHEME”)

Reference is made to the announcements dated 22 May 2014 and 27 May 2014 respectively in relation to the Proposed Share Issuance Scheme.

On behalf of SKPB, Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 5 June 2014, approved the listing of and quotation for the new ordinary shares of RM1.00 each in SKPB (“SKPB Shares”), representing up to five percent (5%) of the issued and paid-up share capital of SKPB, to be issued pursuant to the Proposed Share Issuance Scheme subject to the following:

(i)        SKPB and Maybank IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities ("Listing Requirements") pertaining to the implementation of the Proposed Share Issuance Scheme;

(ii)       Maybank IB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed Share Issuance Scheme pursuant to paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed Share Issuance Scheme; and

(iii)      SKPB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of SKPB Shares listed pursuant to the Proposed Share Issuance Scheme as at the end of each quarter together with a detailed computation of listing fees payable.

The circular to shareholders in relation to the Proposed Share Issuance Scheme will be despatched to the shareholders of SKPB in due course.

This announcement is dated 6 June 2014.


Announcement Info

Company NameSAPURAKENCANA PETROLEUM BERHAD  
Stock Name SKPETRO    
Date Announced6 Jun 2014  
CategoryGeneral Announcement
Reference NoMI-140606-62988

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