Bursa Announcements
Date : 06 November 2018

Circular/Notice to Shareholders

SAPURA ENERGY BERHAD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 9,986,925,145 NEW ORDINARY SHARES IN SAPURA ENERGY BERHAD ("SEB") ("SEB SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.30 PER RIGHTS SHARE TOGETHER WITH UP TO 998,692,515 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF FIVE (5) RIGHTS SHARES FOR EVERY THREE (3) SEB SHARES HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER AND ONE (1) FREE WARRANT FOR EVERY TEN (10) RIGHTS SHARES SUBSCRIBED; (II) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,396,862,035 NEW ISLAMIC REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN SEB ("RCPS-i") AT AN ISSUE PRICE OF RM0.41 PER RCPS-i ON THE BASIS OF TWO (2) RCPS-i FOR EVERY FIVE (5) SEB SHARES HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER; (III) PROPOSED EXEMPTION FOR PERMODALAN NASIONAL BERHAD, AMANAH SAHAM BUMIPUTERA AND PERSONS ACTING IN CONCERT WITH THEM FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR ALL THE REMAINING SEB SHARES, WARRANTS AND RCPS-i NOT ALREADY OWNED BY THEM PURSUANT TO PARAGRAPHS 4.08(1)(B) AND 4.08(1)(C) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ("PROPOSED EXEMPTION"); (IV) PROPOSED ESTABLISHMENT OF AN EXECUTIVE SHARE OPTION SCHEME OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SEB SHARES (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME ("PROPOSED ESOS"); (V) PROPOSED GRANTING OF OPTIONS TO TAN SRI DATO SERI SHAHRIL SHAMSUDDIN TO SUBSCRIBE FOR UP TO 5% OF THE ISSUED SEB SHARES FROM TIME TO TIME PURSUANT TO THE PROPOSED ESOS; AND (VI) PROPOSED AMENDMENTS TO THE CONSTITUTION OF SEB


Please refer attachment below.



Announcement Info

Company Name SAPURA ENERGY BERHAD
Stock Name SAPNRG
Date Announced 06 Nov 2018
Category Document Submission
Reference Number DCS-06112018-00001


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