SAPNRG - Notice of Rights Entitlement (Ratio)

SAPURA ENERGY BERHAD

1) Renounceable rights issue of 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 998,692,514 free detachable warrants ("Warrants") on the basis of five (5) Rights Shares for every three (3) SEB Shares held at 5:00 p.m. on 31 December 2018 and one (1) free Warrant for every ten (10) Rights Shares subscribed ("Rights Issue of Shares with Warrants")

 

2) Renounceable rights issue of 2,396,862,035 new Islamic redeemable convertible preference shares in Sapura Energy Berhad ("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) ordinary shares held in SEB held at 5:00 p.m. on 31 December 2018 ("Rights Issue of RCPS-i")

 

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “Ex-Rights Issue” as from: 27 Dec 2018
2)    The last date of lodgment : 31 Dec 2018
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
       a)    Selling Broker to deduct<31/46>, of Selling Price against the Selling Client
       b)    Buying Broker to deduct <20%>, of Purchase Price against the Buying Client
       c)    Between Broker and Broker, the deduction of <31/46>, of the Transacted Price is applicable.

 

Remarks 1:The abridged prospectus together with the notice of provisional allotment and the rights subscription form for the Rights Issue of Shares with Warrants (collectively, the "Documents") will only be despatched to the shareholders of SEB who have a registered address in Malaysia and whose names appear in the Record of Depositors of SEB at 5.00 p.m. on 31 December 2018 ("Entitled Shareholders") (excluding any person who is authorised to act as a nominee as defined under the Rules of Bursa Malaysia Depository Sdn Bhd who have subscribed for Nominee Rights Subscription services offered by Bursa Malaysia Securities Berhad, at the request of SEB). Entitled Shareholders who do not have a registered address in Malaysia and wish to provide their Malaysian address, should inform their respective stockbrokers or Symphony Share Registrars Sdn Bhd, being the Registrar for the Rights Issue of Shares with Warrants, to effect the change of address by 31 December 2018. The Documents are not intended to be (and will not be) issued, circulated or distributed in any country or jurisdiction other than Malaysia and no action has been or will be taken to ensure that either the Rights Issue of Shares with Warrants or the Documents comply with the laws related to public offerings of any country or jurisdiction where action for such purpose is required, other than the laws of Malaysia. Distribution of this Announcement into jurisdictions other than Malaysia may be restricted by law. Persons who come into possession of this Announcement should inform themselves of and observe any such restrictions. This Announcement is for information purposes only and shall not constitute an offer to sell or solicitation of an offer to buy any securities, nor shall there be any offer or sale of securities in any jurisdiction in which such offer or sale would be unlawful. The securities referred to herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended ("U.S. Securities Act") or the laws of any state or other jurisdiction of the United States ("U.S.") and may not be offered, sold, resold, pledged, transferred or delivered, directly or indirectly, within the U.S., except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. The securities referred to herein are only being offered and sold outside the U.S. in offshore transactions in reliance on Regulation S under the U.S. Securities Act. The amended announcement is due to the amendment to the entitlement date in the entitlement description of the announcement which should read as 31 December 2018 instead of 21 December 2018. This announcement is dated 17 December 2018.

 

Remarks 2:The abridged prospectus together with the notice of provisional allotment and the rights subscription form for the Rights Issue of RCPS-i (collectively, the "Documents") will only be despatched to the shareholders of SEB who have a registered address in Malaysia and whose names appear in the Record of Depositors of SEB at 5.00 p.m. on 31 December 2018 ("Entitled Shareholders") (excluding any person who is authorised to act as a nominee as defined under the Rules of Bursa Malaysia Depository Sdn Bhd who has subscribed for Nominee Rights Subscription services offered by Bursa Malaysia Securities Berhad, at the request of SEB). Entitled Shareholders who do not have a registered address in Malaysia and wish to provide their Malaysian address, should inform their respective stockbrokers or Symphony Share Registrars Sdn Bhd, being the Registrar for the Rights Issue of RCPS-i, to effect the change of address by 31 December 2018. The Documents are not intended to be (and will not be) issued, circulated or distributed in any country or jurisdiction other than Malaysia and no action has been or will be taken to ensure that either the Rights Issue of RCPS-i or the Documents comply with the laws related to public offerings of any country or jurisdiction where action for such purpose is required, other than the laws of Malaysia. Distribution of this Announcement into jurisdictions other than Malaysia may be restricted by law. Persons who come into possession of this Announcement should inform themselves of and observe any such restrictions. This Announcement is for information purposes only and shall not constitute an offer to sell or solicitation of an offer to buy any securities, nor shall there be any offer or sale of securities in any jurisdiction in which such offer or sale would be unlawful. The securities referred to herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended ("U.S. Securities Act") or the laws of any state or other jurisdiction of the United States ("U.S.") and may not be offered, sold, resold, pledged, transferred or delivered, directly or indirectly, within the U.S., except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. The securities referred to herein are only being offered and sold outside the U.S. in offshore transactions in reliance on Regulation S under the U.S. Securities Act. Non-resident shareholders are to note the conditions imposed by Bank Negara Malaysia which, among others, require non-resident shareholders who intend to undertake foreign currency hedging to only enter into foreign currency hedging contracts with licensed domestic banks (i.e. commercial banks, licensed investment banks or Islamic banks other than international Islamic banks). The amended announcement is due to the amendment to the entitlement description of the announcement.