Announcements


Date: 25 September 2018

MULTIPLE PROPOSALS SAPURA ENERGY BERHAD ("SEB" OR "COMPANY") (I) PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS; (II) PROPOSED RIGHTS ISSUE OF RCPS-i; (III) PROPOSED EXEMPTION; AND (IV) PROPOSED AMENDMENTS (COLLECTIVELY TO BE REFERRED TO AS "PROPOSALS")


Type Announcement
Subject MULTIPLE PROPOSALS
Description

SAPURA ENERGY BERHAD ("SEB" OR "COMPANY")

(I) PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS;

(II) PROPOSED RIGHTS ISSUE OF RCPS-i;

(III) PROPOSED EXEMPTION; AND

(IV) PROPOSED AMENDMENTS

(COLLECTIVELY TO BE REFERRED TO AS "PROPOSALS")

(Unless otherwise stated, all abbreviations used herein shall have the same meaning as defined in the Company's announcement dated 24 August 2018)

We refer to the Company's announcements dated 24 August 2018, 18 September 2018 and 24 September 2018 in relation to the Proposed Rights Issue of Shares with Warrants, Proposed Rights Issue of RCPS-i and Proposed Amendments.

On behalf of the Board, Maybank IB wishes to announce that the Company proposes to undertake the proposed exemption for PNB and unit trust funds under its management from the obligation to undertake a mandatory take-over offer for all the remaining SEB Shares, Warrants and RCPS-i not already owned by them pursuant to Paragraphs 4.08(1)(b) and 4.08(1)(c) of Rule 4, Part B of the Rules on Take-overs, Mergers and Compulsory Acquisitions ("Proposed Exemption").

Details of the Proposed Exemption are set out in the attached file.

This announcement is dated 25 September 2018.


 


ATTACHMENT

- Sapura Energy Berhad - Announcement dated 25 September 2018.pdf

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