Date: 05 April 2013
GENERAL MEETINGS: NOTICE OF MEETING
| Type of Meeting |
EGM |
| Indicator |
Notice of Meeting |
| 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 SAPURAKENCANA PETROLEUM BERHAD (“SKPB”) AND SEADRILL LIMITED BY WAY OF THE ACQUISITION BY SAPURAKENCANA DRILLING PTE LTD (“PURCHASER”), A WHOLLY-OWNED SUBSIDIARY OF SKPB, OF:
(A) THE ENTIRE ISSUED SHARE CAPITAL OF SEADRILL TENDER RIG LTD FOR A PRICE TO BE DETERMINED BASED ON THE DEBT FREE/CASH FREE PRICE OR ENTERPRISE VALUE OF UNITED STATES DOLLAR (“USD”) 2,900.0 MILLION WHICH SHALL BE SATISFIED VIA A COMBINATION OF CASH, ISSUANCE OF NEW ORDINARY SHARES OF RM1.00 EACH IN SKPB (“SKPB SHARES”) AND DEFERRED CASH PAYMENT; AND
(B) 94% OF THE ISSUED SHARE CAPITAL OF PT NORDRILL INDONESIA FOR USD2.28 MILLION WHICH SHALL BE SATISFIED IN CASH; AND
(COLLECTIVELY REFERRED TO AS “PROPOSED TRANSACTION”)
(II) PROPOSED PLACEMENT OF 587.0 MILLION NEW SKPB SHARES AT AN ISSUE PRICE OF RM2.80 PER SKPB SHARE ("PROPOSED PLACEMENT") |
| Date of Meeting |
23/04/2013 |
| Time |
10:00 AM |
| Venue |
Multi-Purpose Hall, Ground Floor, Sapura@Mines, No. 7 Jalan Tasik, The Mines Resort City, 43300 Seri Kembangan, Selangor Darul Ehsan |
| Date of General Meeting Record of Depositors |
16/04/2013
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