SapuraKencana Petroleum Berhad - onenew

Announcements

Date: 25 April 2013

MULTIPLE PROPOSALS SAPURAKENCANA 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) 94% OF THE ISSUED SHARE CAPITAL OF PT NORDRILL INDONESIA; AND (COLLECTIVELY REFERRED TO AS “PROPOSED TRANSACTION”) (II) PROPOSED PLACEMENT OF 587.0 MILLION NEW ORDINARY SHARES OF RM1.00 EACH IN SKPB (“SKPB SHARES”) AT AN ISSUE PRICE OF RM2.80 PER SKPB SHARE (“PROPOSED PLACEMENT”) (COLLECTIVELY REFERRED TO AS "PROPOSALS")

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	SAPURAKENCANA 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) 94% OF THE ISSUED SHARE CAPITAL OF PT NORDRILL INDONESIA; AND (COLLECTIVELY REFERRED TO AS “PROPOSED TRANSACTION”) (II) PROPOSED PLACEMENT OF 587.0 MILLION NEW ORDINARY SHARES OF RM1.00 EACH IN SKPB (“SKPB SHARES”) AT AN ISSUE PRICE OF RM2.80 PER SKPB SHARE (“PROPOSED PLACEMENT”) (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 circular dated 8 February 2013 to the shareholders of SKPB.) We refer to the announcements dated 8 February 2013, 13 February 2013, 19 March 2013, 25 March 2013, 3 April 2013, 4 April 2013, 11 April 2013, 18 April 2013, 23 April 2013 and 25 April 2013 in relation to the Proposals. On behalf of the Board, CIMB Investment Bank Berhad and Maybank Investment Bank Berhad wish to announce that the Proposed Placement has been completed today with the issuance and allotment of the Placement Shares. The Placement Shares will be listed on the Main Market of Bursa Securities with effect from 9.00 a.m. on 26 April 2013. This announcement is dated 25 April 2013.