DRBHCOM - OTHERS
Announcement Type: General Announcement
Company Name: DRB-HICOM BERHAD
Stock Name: DRBHCOM
Date Announced: 23/04/2012
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: DRB-HICOM HAS NOT DECIDED ON SELLING LOTUS
Attachments: lotus 2.doc
Company Name: DRB-HICOM BERHAD
Stock Name: DRBHCOM
Date Announced: 23/04/2012
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: DRB-HICOM HAS NOT DECIDED ON SELLING LOTUS
Attachments: lotus 2.doc
KENCANA - Entitlement - Others
Announcement Type: Entitlements (Notice of Book Closure)
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: KENCANA PETROLEUM BERHAD
Stock Name: KENCANA
Date Announced: 23/04/2012
Announcement Detail:
EX-date: 04/05/2012
Entitlement date: 08/05/2012
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: CAPITAL REPAYMENT BY WAY OF CAPITAL REDUCTION EXERCISE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("CAPITAL REPAYMENT")
Period of interest payment: to
Share transfer book & register of members will be: 08/05/2012 to 08/05/2012 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House
Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Telephone no.: 03-7849 0777
Facsimile no.: 03-7841 8151/52
Payment date: 21/05/2012
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 08/05/2012
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 3
Remarks: The trading of ordinary shares of RM0.10 each in Kencana Petroleum Berhad ("Kencana Petroleum" or "Company") ("Kencana Petroleum Shares") on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9.00 a.m. on Wednesday, 2 May 2012, which is three (3) clear market days prior to the Entitlement Date (as defined herein). Accordingly, the last day of trading of Kencana Petroleum Shares on the Main Market of Bursa Securities prior to the suspension shall be 5.00 p.m. on Monday, 30 April 2012. The Kencana Petroleum Shares will no longer be traded on the Main Market of Bursa Securities following the suspension of Kencana Petroleum Shares with effect from 9.00 a.m. on Wednesday, 2 May 2012 until the de-listing of Kencana Petroleum from the Official List of Bursa Securities.
The Capital Repayment exercise has been undertaken to return the merger consideration of RM5,979,564,078 comprising 2,505,437,349 new ordinary shares of RM1.00 each in SapuraKencana Petroleum Berhad (formerly known as Sapura-Kencana Petroleum Berhad) ("SKPB Share") at an issue price of RM2.00 per SKPB Share and cash payment of RM968,689,380 ("Cash Portion"), of which is equivalent to RM3.00 per Kencana Petroleum Share to the entitled shareholders.
Entitled shareholders whose names appear in the Record of Depositors of the Company at the close of business at 5.00 p.m. on Tuesday, 8 May 2012 ("Entitlement Date"), would be entitled to the distribution of the Capital Repayment in respect of:-
(i) Kencana Petroleum Shares transferred into your CDS account(s) on or before 4.00 p.m. on Tuesday, 8 May 2012; and
(ii) Kencana Petroleum Shares bought on Bursa Securities on a cum-entitlement basis according to the rules of Bursa Securities.
All fractional entitlements to the SKPB Shares shall be rounded down. Nevertheless, such fractional SKPB Shares rounded down will be paid in cash such that the entitled shareholders will receive an aggregate of RM3.00 (comprising SKPB Shares and cash) for each Kencana Petroleum Share held at the Entitlement Date.
The fractional adjustment and adjustment for any SKPB Shares not distributed as a result of the unexercised Kencana Petroleum's employees' share option scheme shall be made against the Cash Portion and SKPB Shares to be received by the existing major shareholder of Kencana Petroleum, namely Khasera Baru Sdn Bhd such that Kencana Petroleum shall not hold any SKPB Shares upon completion of the Capital Repayment. The total value of Khasera Baru Sdn Bhd's entitlement pursuant to the Capital Repayment will remain unchanged.
The payment of the Cash Portion to the entitled shareholders is expected to be made on or before 21 May 2012.
Please refer to the Notice to Shareholders dated 23 April 2012 for further information on the suspension of trading of Kencana Petroleum Shares and the Entitlement Date.
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: KENCANA PETROLEUM BERHAD
Stock Name: KENCANA
Date Announced: 23/04/2012
Announcement Detail:
EX-date: 04/05/2012
Entitlement date: 08/05/2012
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: CAPITAL REPAYMENT BY WAY OF CAPITAL REDUCTION EXERCISE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("CAPITAL REPAYMENT")
Period of interest payment: to
Share transfer book & register of members will be: 08/05/2012 to 08/05/2012 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House
Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Telephone no.: 03-7849 0777
Facsimile no.: 03-7841 8151/52
Payment date: 21/05/2012
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 08/05/2012
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 3
Remarks: The trading of ordinary shares of RM0.10 each in Kencana Petroleum Berhad ("Kencana Petroleum" or "Company") ("Kencana Petroleum Shares") on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9.00 a.m. on Wednesday, 2 May 2012, which is three (3) clear market days prior to the Entitlement Date (as defined herein). Accordingly, the last day of trading of Kencana Petroleum Shares on the Main Market of Bursa Securities prior to the suspension shall be 5.00 p.m. on Monday, 30 April 2012. The Kencana Petroleum Shares will no longer be traded on the Main Market of Bursa Securities following the suspension of Kencana Petroleum Shares with effect from 9.00 a.m. on Wednesday, 2 May 2012 until the de-listing of Kencana Petroleum from the Official List of Bursa Securities.
The Capital Repayment exercise has been undertaken to return the merger consideration of RM5,979,564,078 comprising 2,505,437,349 new ordinary shares of RM1.00 each in SapuraKencana Petroleum Berhad (formerly known as Sapura-Kencana Petroleum Berhad) ("SKPB Share") at an issue price of RM2.00 per SKPB Share and cash payment of RM968,689,380 ("Cash Portion"), of which is equivalent to RM3.00 per Kencana Petroleum Share to the entitled shareholders.
Entitled shareholders whose names appear in the Record of Depositors of the Company at the close of business at 5.00 p.m. on Tuesday, 8 May 2012 ("Entitlement Date"), would be entitled to the distribution of the Capital Repayment in respect of:-
(i) Kencana Petroleum Shares transferred into your CDS account(s) on or before 4.00 p.m. on Tuesday, 8 May 2012; and
(ii) Kencana Petroleum Shares bought on Bursa Securities on a cum-entitlement basis according to the rules of Bursa Securities.
All fractional entitlements to the SKPB Shares shall be rounded down. Nevertheless, such fractional SKPB Shares rounded down will be paid in cash such that the entitled shareholders will receive an aggregate of RM3.00 (comprising SKPB Shares and cash) for each Kencana Petroleum Share held at the Entitlement Date.
The fractional adjustment and adjustment for any SKPB Shares not distributed as a result of the unexercised Kencana Petroleum's employees' share option scheme shall be made against the Cash Portion and SKPB Shares to be received by the existing major shareholder of Kencana Petroleum, namely Khasera Baru Sdn Bhd such that Kencana Petroleum shall not hold any SKPB Shares upon completion of the Capital Repayment. The total value of Khasera Baru Sdn Bhd's entitlement pursuant to the Capital Repayment will remain unchanged.
The payment of the Cash Portion to the entitled shareholders is expected to be made on or before 21 May 2012.
Please refer to the Notice to Shareholders dated 23 April 2012 for further information on the suspension of trading of Kencana Petroleum Shares and the Entitlement Date.
KENCANA - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: KENCANA PETROLEUM BERHAD
Stock Name: KENCANA
Date Announced: 23/04/2012
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: KENCANA PETROLEUM BERHAD ("KENCANA PETROLEUM" OR THE "COMPANY")
SUSPENSION OF TRADING OF THE ORDINARY SHARES OF RM0.10 EACH IN KENCANA PETROLEUM AND THE ENTITLEMENT DATE FOR THE CAPITAL REPAYMENT BY WAY OF A CAPITAL REDUCTION EXERCISE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("CAPITAL REPAYMENT")
Attachments: Kencana.pdf
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: KENCANA PETROLEUM BERHAD
Stock Name: KENCANA
Date Announced: 23/04/2012
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: KENCANA PETROLEUM BERHAD ("KENCANA PETROLEUM" OR THE "COMPANY")
SUSPENSION OF TRADING OF THE ORDINARY SHARES OF RM0.10 EACH IN KENCANA PETROLEUM AND THE ENTITLEMENT DATE FOR THE CAPITAL REPAYMENT BY WAY OF A CAPITAL REDUCTION EXERCISE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("CAPITAL REPAYMENT")
Attachments: Kencana.pdf
KENCANA - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: KENCANA PETROLEUM BERHAD
Stock Name: KENCANA
Date Announced: 23/04/2012
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: KENCANA PETROLEUM BERHAD ("KENCANA PETROLEUM" OR THE "COMPANY")
PROPOSED MERGER OF BUSINESSES OF THE KENCANA PETROLEUM GROUP AND SAPURACREST PETROLEUM BERHAD ("SAPURACREST") GROUP THROUGH AN OFFER TO ACQUIRE THE ENTIRE BUSINESS AND UNDERTAKINGS, INCLUDING ALL ASSETS AND LIABILITIES OF KENCANA PETROLEUM ("OFFER")
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: KENCANA PETROLEUM BERHAD
Stock Name: KENCANA
Date Announced: 23/04/2012
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: KENCANA PETROLEUM BERHAD ("KENCANA PETROLEUM" OR THE "COMPANY")
PROPOSED MERGER OF BUSINESSES OF THE KENCANA PETROLEUM GROUP AND SAPURACREST PETROLEUM BERHAD ("SAPURACREST") GROUP THROUGH AN OFFER TO ACQUIRE THE ENTIRE BUSINESS AND UNDERTAKINGS, INCLUDING ALL ASSETS AND LIABILITIES OF KENCANA PETROLEUM ("OFFER")
JCY-CG - STRUCTURED WARRANTS ANNOUNCEMENT: FURTHER OFFERING (Amended Announcement)
Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Name: JCY-CG: CW JCY INTERNATIONAL BERHAD (CIMB)
Stock Name: JCY-CG
Date Announced: 23/04/2012
Announcement Detail:
Type: Announcement
Subject: STRUCTURED WARRANTS ANNOUNCEMENT
FURTHER OFFERING
Description: CIMB BANK BERHAD ("CIMB BANK")
PROPOSED FURTHER ISSUE OF UP TO 50,000,000 EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF JCY INTERNATIONAL BERHAD ("JCY") ("JCY-CG")
Attachments: JCY-CG Further Issue - Table.pdf
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Name: JCY-CG: CW JCY INTERNATIONAL BERHAD (CIMB)
Stock Name: JCY-CG
Date Announced: 23/04/2012
Announcement Detail:
Type: Announcement
Subject: STRUCTURED WARRANTS ANNOUNCEMENT
FURTHER OFFERING
Description: CIMB BANK BERHAD ("CIMB BANK")
PROPOSED FURTHER ISSUE OF UP TO 50,000,000 EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF JCY INTERNATIONAL BERHAD ("JCY") ("JCY-CG")
Attachments: JCY-CG Further Issue - Table.pdf
SAPCRES - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: SAPURACREST PETROLEUM BERHAD
Stock Name: SAPCRES
Date Announced: 23/04/2012
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: SAPURACREST PETROLEUM BERHAD ("SAPURACREST" OR THE "COMPANY")
SUSPENSION OF TRADING OF ORDINARY SHARES OF RM0.20 EACH IN SAPURACREST ("SAPURACREST SHARES") AND THE ENTITLEMENT DATE FOR THE CAPITAL REPAYMENT BY WAY OF A CAPITAL REDUCTION EXERCISE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("CAPITAL REDUCTION AND REPAYMENT")
Attachments: SapuraCrest_Advertisement 2012-04-23.pdf
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: SAPURACREST PETROLEUM BERHAD
Stock Name: SAPCRES
Date Announced: 23/04/2012
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: SAPURACREST PETROLEUM BERHAD ("SAPURACREST" OR THE "COMPANY")
SUSPENSION OF TRADING OF ORDINARY SHARES OF RM0.20 EACH IN SAPURACREST ("SAPURACREST SHARES") AND THE ENTITLEMENT DATE FOR THE CAPITAL REPAYMENT BY WAY OF A CAPITAL REDUCTION EXERCISE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("CAPITAL REDUCTION AND REPAYMENT")
Attachments: SapuraCrest_Advertisement 2012-04-23.pdf
SAPCRES - Entitlement - Others
Announcement Type: Entitlements (Notice of Book Closure)
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: SAPURACREST PETROLEUM BERHAD
Stock Name: SAPCRES
Date Announced: 23/04/2012
Announcement Detail:
EX-date: 04/05/2012
Entitlement date: 08/05/2012
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: Capital repayment by way of a capital reduction exercise pursuant to Section 64 of the Companies Act, 1965 ("Act") ("Capital Reduction And Repayment") arising from the offer by SapuraKencana Petroleum Berhad (formerly known as Sapura-Kencana Petroleum Berhad) ("SKPB") to acquire the entire business and undertakings, including all assets and liabilities of SapuraCrest Petroleum Berhad ("SapuraCrest") ("SapuraCrest Business"), to merge the SapuraCrest Business and the businesses of the Kencana Petroleum Berhad ("Kencana") group of companies
Period of interest payment: to
Share transfer book & register of members will be: 08/05/2012 to 08/05/2012 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Mega Corporate Services Sdn Bhd
Level 15-2, Sheraton Imperial Court
Jalan Sultan Ismail
50250 Kuala Lumpur
Contact person : Cindy Lim/Alfred John
Contact no. : 03-26924271/03-27325377
Payment date: 21/05/2012
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 08/05/2012
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 4.6
Remarks: Please note that the despatch of cheque for the cash portion is expected to be made by 21 May 2012.
The trading of the ordinary shares of RM0.20 each in SapuraCrest ("SapuraCrest Share(s)") on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9.00 a.m. on Wednesday, 2 May 2012, which is three (3) clear market days prior to the Entitlement Date (as defined herein). Accordingly, the last day of trading of SapuraCrest Shares on the Main Market of Bursa Securities prior to the suspension shall be 5.00 p.m. on Monday, 30 April 2012. The trading of SapuraCrest Shares on the Main Market of Bursa Securities will continue to be suspended until the de-listing of SapuraCrest from the Official List of Bursa Securities.
If your name appears in our Record of Depositors at the close of business at 5.00 p.m. on Tuesday, 8 May 2012 ("Entitlement Date"), you will be entitled to the Capital Reduction and Repayment in respect of:
i. SapuraCrest Shares transferred into your Central Depository System account(s) on or before 4.00 p.m. on Tuesday, 8 May 2012; and
ii. SapuraCrest Shares bought on Bursa Securities on a cum-entitlement basis according to the rules of Bursa Securities.
The Capital Reduction and Repayment entails distributing to you RM4.60 (comprising new ordinary share(s) of RM1.00 each in SKPB ("SKPB Shares") and cash) in value for every one (1) SapuraCrest Share held on the Entitlement Date (but before the bonus issue of such number of new SapuraCrest Shares to be credited as fully paid-up in the share capital of SapuraCrest to the entitled shareholders in the proportion of approximately 22 new SapuraCrest Shares for every one (1) existing SapuraCrest Share as at the Entitlement Date ("Bonus Issue"), solely for the purpose of facilitating the Capital Reduction and Repayment) via a capital reduction exercise pursuant to Section 64 of the Act. None of the bonus shares pursuant to the Bonus Issue will be credited into the individual securities accounts of the respective entitled shareholders since the bonus shares will be immediately cancelled pursuant to the Capital Reduction and Repayment.
Fractional entitlements to the SKPB Shares which are rounded down shall be compensated by cash such that shareholders of SapuraCrest whose names appear in SapuraCrest's Record of Depositors as at the close of business on the Entitlement Date will receive an aggregate of RM4.60 (comprising SKPB Shares and cash) for each SapuraCrest Share held. Any such adjustment shall be adjusted from the entitlement of SapuraCrest's major shareholder, Sapura Technology Sdn Bhd.
Simultaneously with the implementation of the Capital Reduction and Repayment, SapuraCrest will issue two (2) new SapuraCrest Shares at par to SKPB such that SapuraCrest will thereupon become a wholly-owned subsidiary of SKPB. Thereafter, SKPB will assume the listing status of either SapuraCrest or Kencana and be admitted to the Official List of Bursa Securities and SapuraCrest will be de-listed.
Please refer to the Notice to Shareholders for further information on the suspension of trading of SapuraCrest Shares and the Entitlement Date which will be despatched to shareholders of SapuraCrest on 23 April 2012.
Any enquiries concerning this announcement should be addressed to SapuraCrest's share registrar at the abovementioned contact details.
This announcement is dated 23 April 2012.
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: SAPURACREST PETROLEUM BERHAD
Stock Name: SAPCRES
Date Announced: 23/04/2012
Announcement Detail:
EX-date: 04/05/2012
Entitlement date: 08/05/2012
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: Capital repayment by way of a capital reduction exercise pursuant to Section 64 of the Companies Act, 1965 ("Act") ("Capital Reduction And Repayment") arising from the offer by SapuraKencana Petroleum Berhad (formerly known as Sapura-Kencana Petroleum Berhad) ("SKPB") to acquire the entire business and undertakings, including all assets and liabilities of SapuraCrest Petroleum Berhad ("SapuraCrest") ("SapuraCrest Business"), to merge the SapuraCrest Business and the businesses of the Kencana Petroleum Berhad ("Kencana") group of companies
Period of interest payment: to
Share transfer book & register of members will be: 08/05/2012 to 08/05/2012 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Mega Corporate Services Sdn Bhd
Level 15-2, Sheraton Imperial Court
Jalan Sultan Ismail
50250 Kuala Lumpur
Contact person : Cindy Lim/Alfred John
Contact no. : 03-26924271/03-27325377
Payment date: 21/05/2012
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 08/05/2012
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 4.6
Remarks: Please note that the despatch of cheque for the cash portion is expected to be made by 21 May 2012.
The trading of the ordinary shares of RM0.20 each in SapuraCrest ("SapuraCrest Share(s)") on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9.00 a.m. on Wednesday, 2 May 2012, which is three (3) clear market days prior to the Entitlement Date (as defined herein). Accordingly, the last day of trading of SapuraCrest Shares on the Main Market of Bursa Securities prior to the suspension shall be 5.00 p.m. on Monday, 30 April 2012. The trading of SapuraCrest Shares on the Main Market of Bursa Securities will continue to be suspended until the de-listing of SapuraCrest from the Official List of Bursa Securities.
If your name appears in our Record of Depositors at the close of business at 5.00 p.m. on Tuesday, 8 May 2012 ("Entitlement Date"), you will be entitled to the Capital Reduction and Repayment in respect of:
i. SapuraCrest Shares transferred into your Central Depository System account(s) on or before 4.00 p.m. on Tuesday, 8 May 2012; and
ii. SapuraCrest Shares bought on Bursa Securities on a cum-entitlement basis according to the rules of Bursa Securities.
The Capital Reduction and Repayment entails distributing to you RM4.60 (comprising new ordinary share(s) of RM1.00 each in SKPB ("SKPB Shares") and cash) in value for every one (1) SapuraCrest Share held on the Entitlement Date (but before the bonus issue of such number of new SapuraCrest Shares to be credited as fully paid-up in the share capital of SapuraCrest to the entitled shareholders in the proportion of approximately 22 new SapuraCrest Shares for every one (1) existing SapuraCrest Share as at the Entitlement Date ("Bonus Issue"), solely for the purpose of facilitating the Capital Reduction and Repayment) via a capital reduction exercise pursuant to Section 64 of the Act. None of the bonus shares pursuant to the Bonus Issue will be credited into the individual securities accounts of the respective entitled shareholders since the bonus shares will be immediately cancelled pursuant to the Capital Reduction and Repayment.
Fractional entitlements to the SKPB Shares which are rounded down shall be compensated by cash such that shareholders of SapuraCrest whose names appear in SapuraCrest's Record of Depositors as at the close of business on the Entitlement Date will receive an aggregate of RM4.60 (comprising SKPB Shares and cash) for each SapuraCrest Share held. Any such adjustment shall be adjusted from the entitlement of SapuraCrest's major shareholder, Sapura Technology Sdn Bhd.
Simultaneously with the implementation of the Capital Reduction and Repayment, SapuraCrest will issue two (2) new SapuraCrest Shares at par to SKPB such that SapuraCrest will thereupon become a wholly-owned subsidiary of SKPB. Thereafter, SKPB will assume the listing status of either SapuraCrest or Kencana and be admitted to the Official List of Bursa Securities and SapuraCrest will be de-listed.
Please refer to the Notice to Shareholders for further information on the suspension of trading of SapuraCrest Shares and the Entitlement Date which will be despatched to shareholders of SapuraCrest on 23 April 2012.
Any enquiries concerning this announcement should be addressed to SapuraCrest's share registrar at the abovementioned contact details.
This announcement is dated 23 April 2012.
SAPCRES - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: SAPURACREST PETROLEUM BERHAD
Stock Name: SAPCRES
Date Announced: 23/04/2012
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: SAPURACREST PETROLEUM BERHAD ("SAPURACREST" OR THE "COMPANY")
OFFER BY SAPURAKENCANA PETROLEUM BERHAD (FORMERLY KNOWN AS SAPURA-KENCANA PETROLEUM BERHAD) ("SKPB") TO ACQUIRE THE ENTIRE BUSINESS AND UNDERTAKINGS, INCLUDING ALL ASSETS AND LIABILITIES OF SAPURACREST, TO MERGE THE BUSINESSES OF THE SAPURACREST GROUP OF COMPANIES AND THE KENCANA PETROLEUM BERHAD GROUP OF COMPANIES ("OFFER")
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: SAPURACREST PETROLEUM BERHAD
Stock Name: SAPCRES
Date Announced: 23/04/2012
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: SAPURACREST PETROLEUM BERHAD ("SAPURACREST" OR THE "COMPANY")
OFFER BY SAPURAKENCANA PETROLEUM BERHAD (FORMERLY KNOWN AS SAPURA-KENCANA PETROLEUM BERHAD) ("SKPB") TO ACQUIRE THE ENTIRE BUSINESS AND UNDERTAKINGS, INCLUDING ALL ASSETS AND LIABILITIES OF SAPURACREST, TO MERGE THE BUSINESSES OF THE SAPURACREST GROUP OF COMPANIES AND THE KENCANA PETROLEUM BERHAD GROUP OF COMPANIES ("OFFER")
No comments:
Post a Comment