Announcements


Date: 05 December 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")

(Unless otherwise stated, all abbreviations used herein shall have the same meaning as defined in the Company's announcement dated 9 November 2018 in relation to the Proposed Transaction) 

 

We refer to the Company's announcement dated 9 November 2018 in relation to the Proposed Transaction ("First Announcement").

 

Following the First Announcement, on behalf of the Board, Maybank IB wishes to announce that, pursuant to the Subscription Agreement, SEB, SUA and OMV E&P had on 4 December 2018 entered into a warranty and indemnity deed in relation to certain warranties, covenants and indemnities in connection with the Proposed Transaction.

 

Details of the Warranty and Indemnity Deed are set out in the attached file.


 


ATTACHMENT

- SEB - Announcement for Warranty and Indemnity Deed.pdf

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