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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")

We refer to the announcements dated 27 November 2023, 23 January 2024 and 26 January 2024 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Company, Kenanga IB wishes to announce that SRB and JSB had on 26 March 2024 agreed to:

 

(i) extend the conditional period which expires 4 months from the date of the Settlement Agreement to 27 May 2024, to enable the fulfilment of the conditions precedent of the Settlement Agreement; and


(ii) extend the Long Stop Date from 6 April 2024 to 6 June 2024, to accord the parties with sufficient time to complete the Proposed Settlement.

 

Save for the above, all other terms and conditions of the Settlement Agreement remain unchanged.

 

This announcement is dated 26 March 2024.






Announcement Info

Company Name SAPURA RESOURCES BERHAD
Stock Name SAPRES
Date Announced 26 Mar 2024
Category General Announcement for PLC
Reference Number GA1-26032024-00067



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