Company announcements: THETA

THETA - Shah Alam High Court Suit No. 22NCVC-454-09/2014 Impianas Sdn Bhd vs Tenaga Nasional Berhad

Announcement Type: General Announcement

Company Name	THETA EDGE BERHAD
Stock Name	THETA
Date Announced	20 Nov 2014
Category	General Announcement
Reference No	CP-141120-64334

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	NM-141118-43348
Subject	Shah Alam High Court Suit No. 22NCVC-454-09/2014 Impianas Sdn Bhd vs Tenaga Nasional Berhad
Description	We refer to Bursa Malaysia Securities Berhad's letter dated 18 November 2014 in relation to the Company's announcement dated 14 November 2014. We are pleased to furnish the following additional information for public release:- 1. The date on which the Defence and Counterclaim was served on Impianas Sdn Bhd Impianas Sdn Bhd (Impianas) had received the Defense and Counterclaim from its solicitors on 12 November 2014.The Defense and Counterclaim was served on the Company's solicitors on 3 November 2014. 2. The financial and operational impact of the Defence and Counterclaim on Theta Edge Berhad group The filing of the Defense and Counterclaim is not expected to have financial and operational impact on the Theta Edge Berhad Group. 3. The expected losses, if any, arising from the Defence and Counterclaim No losses are expected to arise from the filing of the Defense and Counterclaim. However, in the event that Tenaga Nasional Berhad is successful in its counter claim against Impianas, there would be material negative financial impact to the earnings per share and net assets per share of Theta Edge. However, based on the facts on hand, Theta Edge is of the opinion that the Counterclaim filed is baseless and without merit.
Query Letter Contents	We refer to your Company's announcement dated 14 November 2014 in respect of the above matter. In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release:- (1) The date on which the Defence and Counterclaim was served on Impianas Sdn Bhd. (2) The financial and operational impact of the Defence and Counterclaim on Theta Edge Berhad group. (3) The expected losses, if any, arising from the Defence and Counterclaim. Please furnish Bursa Securities with your reply via an announcement within one (1) market day from the date hereof. Yours faithfully TAN YEW ENG Vice President, Issuers Listing Division, Regulation TYE/NMA copy to:- General Manager & Head, Market Surveillance Department, Market Oversight Division, Securities Commission (via fax)

---