Announcements


Date: 09 November 2018

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SAPURA ENERGY BERHAD ("SEB" OR "COMPANY") PROPOSED STRATEGIC PARTNERSHIP BETWEEN SEB AND OMV AKTIENGESELLSCHAFT THROUGH SEB UPSTREAM SDN BHD ("SUP"), A JOINT VENTURE COMPANY INCORPORATED TO HOLD THE ENTIRE EQUITY INTEREST OF SAPURA UPSTREAM SDN BHD (FORMERLY KNOWN AS SAPURA EXPLORATION AND PRODUCTION SDN BHD) ("SUSB") RESULTING IN A TOTAL CASH PROCEEDS OF UP TO USD975 MILLION (OR EQUIVALENT TO APPROXIMATELY RM4,056 MILLION), SUBJECT TO ADJUSTMENTS ("PROPOSED TRANSACTION")


Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description SAPURA ENERGY BERHAD ("SEB" OR "COMPANY") PROPOSED STRATEGIC PARTNERSHIP BETWEEN SEB AND OMV AKTIENGESELLSCHAFT THROUGH SEB UPSTREAM SDN BHD ("SUP"), A JOINT VENTURE COMPANY INCORPORATED TO HOLD THE ENTIRE EQUITY INTEREST OF SAPURA UPSTREAM SDN BHD (FORMERLY KNOWN AS SAPURA EXPLORATION AND PRODUCTION SDN BHD) ("SUSB") RESULTING IN A TOTAL CASH PROCEEDS OF UP TO USD975 MILLION (OR EQUIVALENT TO APPROXIMATELY RM4,056 MILLION), SUBJECT TO ADJUSTMENTS ("PROPOSED TRANSACTION")

On behalf of the Board of Directors of SEB, Maybank Investment Bank Berhad wishes to announce that in relation to the Proposed Transaction, the following definitive agreements have been entered into today:

(a) subscription agreement between SEB, Sapura Upstream Assets Sdn Bhd ("SUA"), a wholly-owned subsidiary of SEB, OMV Exploration & Production GmbH ("OMV E&P") and SUP for the purposes of the Proposed Subscription (as defined in the attached file); and

(b) shareholders' agreement between SEB, OMV E&P, SUA, SUP and SUSB for purposes of regulating the joint management of SUP.

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

This Announcement is dated 9 November 2018.


 


ATTACHMENT

- Sapura Energy Berhad - Appendix II - Salient terms.pdf
- Sapura Energy Berhad - Appendix I - Info on SUSB.pdf
- Sapura Energy Berhad - Announcement.pdf

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