(Unless the context otherwise requires, all definitions used herein shall have the same meanings assigned thereto in the announcement made on 20 June 2014)
Reference is made to the Company’s announcements dated 26 March 2014, 26 May 2014, 20 June 2014, 19 September 2014, 28 November 2014, 1 December 2014 and 17 December 2014 in relation to the Proposals.
On behalf of the Board of Directors of Symphony, CIMB Investment Bank Berhad wishes to announce that Ranhill Holdings and RGSB have on this date, entered into a supplemental agreement for the RWorley Call Option Agreement dated 20 June 2014 (“Supplemental Agreement”).
The salient terms of the Supplemental Agreement include the following amendments to the RWorley Call Option Agreement: (i) the exercise period for the call option granted by RGSB to Ranhill Holdings to acquire RGSB’s entire 51.0% equity interest in RWorley pursuant to the Proposed RWorley Call Option, has been extended from “3rd month to 6th month” to “3rd month to 18th month” from the date of completion of the Proposed Offering; and (ii) the method of settlement of the call option price has been amended from settlement fully made in shares in Ranhill Holdings to settlement via a combination of cash and shares in Ranhill Holdings at an issue price and in a proportion, to be determined and mutually agreed by Ranhill Holdings and RGSB upon the exercise of the call option.
The other terms of the Proposals remain the same.
The Supplemental Agreement is available for inspection at the registered office of the Company at Level 8, Symphony House, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor during normal business hours from Monday to Fridays (except public holidays) for a period of 3 months from the date of this announcement.
This announcement is dated 22 April 2015.
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