Announcements


Date: 19 March 2013

MULTIPLE PROPOSALS SAPURAKENCANA PETROLEUM BERHAD (FORMERLY KNOWN AS SAPURA-KENCANA PETROLEUM BERHAD) (“SKPB” OR “COMPANY”) (I) PROPOSED COMBINATION AND INTEGRATION OF THE RESPECTIVE TENDER RIG BUSINESSES OF SKPB AND SEADRILL LIMITED BY WAY OF THE ACQUISITION BY SAPURAKENCANA DRILLING PTE. LTD., A WHOLLY-OWNED SUBSIDIARY OF SKPB, OF: (A) THE ENTIRE ISSUED SHARE CAPITAL OF SEADRILL TENDER RIG LTD; AND (B) 99% OF THE ISSUED SHARE CAPITAL OF PT NORDRILL INDONESIA; (II) PROPOSED BASE PLACEMENT OF NEW ORDINARY SHARES OF RM1.00 EACH IN SKPB (“SKPB SHARES”) TO RAISE GROSS PROCEEDS OF RINGGIT MALAYSIA EQUIVALENT TO UNITED STATES DOLLAR 250.0 MILLION; AND (III) PROPOSED ADDITIONAL PLACEMENT OF UP TO 300.0 MILLION NEW SKPB SHARES (COLLECTIVELY REFERRED TO AS “PROPOSALS”)


Type Announcement
Subject MULTIPLE PROPOSALS
Description SAPURAKENCANA PETROLEUM BERHAD (FORMERLY KNOWN AS SAPURA-KENCANA PETROLEUM BERHAD) (“SKPB” OR “COMPANY”)

(I) PROPOSED COMBINATION AND INTEGRATION OF THE RESPECTIVE TENDER RIG BUSINESSES OF SKPB AND SEADRILL LIMITED BY WAY OF THE ACQUISITION BY SAPURAKENCANA DRILLING PTE. LTD., A WHOLLY-OWNED SUBSIDIARY OF SKPB, OF: 

(A) THE ENTIRE ISSUED SHARE CAPITAL OF SEADRILL TENDER RIG LTD; AND 

(B) 99% OF THE ISSUED SHARE CAPITAL OF PT NORDRILL INDONESIA; 

(II) PROPOSED BASE PLACEMENT OF NEW ORDINARY SHARES OF RM1.00 EACH IN SKPB (“SKPB SHARES”) TO RAISE GROSS PROCEEDS OF RINGGIT MALAYSIA EQUIVALENT TO UNITED STATES DOLLAR 250.0 MILLION; AND

(III) PROPOSED ADDITIONAL PLACEMENT OF UP TO 300.0 MILLION NEW SKPB SHARES

(COLLECTIVELY REFERRED TO AS “PROPOSALS”)

 

(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 8 February 2013 in relation to the Proposals.)

 

We refer to the announcements dated 8 February 2013 and 13 February 2013 in relation to the Proposals.   

 

On behalf of the Board, CIMB Investment Bank Berhad and Maybank Investment Bank Berhad wish to announce the historical financial information of the Acquiree Companies for the FYE 31 December 2010 to 2012, the details of which are as set out in the attached file.

 

 

 

This announcement is dated 19 March 2013.

ATTACHMENT

- SKPB_Announcement.pdf

Back