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MULTIPLE PROPOSALS SAPURA RESOURCES BERHAD ("SRB" OR THE "COMPANY") (I) PROPOSED SETTLEMENT; AND (II) PROPOSED RIGHTS ISSUE (COLLECTIVELY REFERRED TO AS "PROPOSALS")

SAPURA RESOURCES BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
SAPURA RESOURCES BERHAD ("SRB" OR THE "COMPANY")

(I)	PROPOSED SETTLEMENT; AND

(II)	PROPOSED RIGHTS ISSUE

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

On behalf of the Board of Directors of SRB, Kenanga Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:

 

(i) proposed settlement by SRB of the advances owing to Jurudata Sdn Bhd amounting to RM168.00 million via the issuance of 373,333,333 new 9-year zero coupon redeemable  convertible secured loan stocks in SRB (“RCSLS”) at an issue price of RM0.45 per RCSLS; and

 

(ii) proposed renounceable rights issue of new ordinary shares in SRB to raise gross proceeds of up to approximately RM33.50 million.

 

Please refer to the attachment below for further details.

 

This announcement is dated 27 November 2023.  




Please refer attachment below.



Announcement Info

Company Name SAPURA RESOURCES BERHAD
Stock Name SAPRES
Date Announced 27 Nov 2023
Category General Announcement for PLC
Reference Number GA1-27112023-00073



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