PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN
| SAPURA ENERGY BERHAD |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN |
| Description | SAPURA ENERGY BERHAD ("SEB" OR THE "COMPANY")
(I) PROPOSED CAPITAL RECONSTRUCTION ;
(II) PROPOSED DEBT RESTRUCTURING;
(Ill) PROPOSED FUND-RAISING; AND
(IV) PROPOSED EXEMPTION,
(COLLECTIVELY, REFERRED TO AS THE "PROPOSED REGULARISATION PLAN" OR THE "PROPOSALS") |
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We refer to the announcements dated 14 May 2025 and 27 May 2025 in relation to the Proposed Regularisation Plan. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.
On behalf of the Board, MIDF Amanah Investment Bank Berhad is pleased to announce that Bursa Securities has, vide its letter dated 30 June 2025, resolved to approve the Proposed Regularisation Plan comprising the Proposed Capital Reconstruction, Proposed Debt Restructuring, Proposed Fund-Raising and Proposed Exemption.
The approval granted by Bursa Securities for the Proposed Regularisation Plan is subject to the following conditions:
1. SEB and MIDF Investment must fully comply with the relevant provisions under the Main Market Listing Requirement ("MMLR") pertaining to the implementation of the Proposed Regularisation Plan;
2. SEB and MIDF Investment to confirm all approvals of relevant authorities have been obtained for the implementation of the Proposed Regularisation Plan and furnish a copy of all approval letters from the relevant authorities;
3. SEB and MIDF Investment to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at the general meeting for the Proposed Regularisation Plan;
4. SEB and MIDF Investment to ensure compliance with Paragraph 8.02(1) of the MMLR prior to the quotation for the Settlement Shares to be issued pursuant to the Proposed Regularisation Plan and furnish Bursa Securities with a copy of the public shareholding spread pursuant to Appendix 8E of the MMLR upon completion of the Proposed Regularisation Plan;
5. SEB and MIDF Investment are required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the conversion of the RCLS and RCUIDS as at the end of each quarter together with a detailed computation of listing fees payable; and
6. SEB and MIDF Investment to inform Bursa Securities upon the completion of the Proposed Regularisation Plan and furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval.
This announcement is dated 30 June 2025 |
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Announcement Info
| Company Name | SAPURA ENERGY BERHAD |
| Stock Name | SAPNRG |
| Date Announced | 30 Jun 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-30062025-00127 |