MULTIPLE PROPOSALS SAPURA ENERGY BERHAD ("SEB" OR "COMPANY") (I) PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS; (II) PROPOSED RIGHTS ISSUE OF RCPS-i; (III) PROPOSED EXEMPTION; (IV) PROPOSED ESOS; AND (V) PROPOSED AMENDMENTS (COLLECTIVELY TO BE REFERRED TO AS "PROPOSALS")
SAPURA ENERGY BERHAD |
Type | Announcement |
Subject | MULTIPLE PROPOSALS |
Description | SAPURA ENERGY BERHAD ("SEB" OR "COMPANY") (I) PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS; (II) PROPOSED RIGHTS ISSUE OF RCPS-i; (III) PROPOSED EXEMPTION; (IV) PROPOSED ESOS; AND (V) PROPOSED AMENDMENTS (COLLECTIVELY TO BE REFERRED TO AS "PROPOSALS") |
(Unless otherwise stated, all abbreviations used herein shall have the same meaning as defined in the Company’s announcement dated 24 August 2018)
We refer to the Company’s announcements dated 24 August 2018, 18 September 2018, 24 September 2018, 25 September 2018 and 26 September 2018 in relation to the Proposals.
On behalf of the Board, Maybank IB wishes to announce that Bank Negara Malaysia (“BNM”) had, vide its letter dated 15 October 2018, approved the issuance of the RCPS-i to the non-resident shareholders of SEB pursuant to the Proposed Rights Issue of RCPS-i based on the key terms of the RCPS-i which is set out in the Appendix of this announcement (“BNM Approval”).
The BNM Approval is subject to the condition that the conversion of Ringgit Malaysia (“RM”) to foreign currency of the use of proceeds from the Proposed Rights Issue of RCPS-i, which is intended for part repayment of foreign currency borrowings, is implemented in stages.
The BNM Approval will be automatically revoked if:
SEB is to also note that:
On behalf of the Board, Maybank IB also wishes to announce that the Proposed Amendments will entail amendments to the Constitution of SEB to facilitate the implementation of the Proposed Rights Issue of Shares with Warrants and Proposed Rights Issue of RCPS-i in respect of service of notices by electronic form.
This announcement is dated 16 October 2018. |
Please refer attachment below.
Announcement Info
Company Name | SAPURA ENERGY BERHAD |
Stock Name | SAPNRG |
Date Announced | 16 Oct 2018 |
Category | General Announcement for PLC |
Reference Number | GA1-16102018-00105 |