INVESTOR RELATIONS

FORM OF NOTICE OF CONVERSION OF 5-YEAR 3.5% REDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS ("RCULS" OR "BARAKAH-LA")

BURSA ANNOUNCEMENTS
Date : 14 April 2021

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 167,157,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING 20% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED AND AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT")

BARAKAH OFFSHORE PETROLEUM BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 167,157,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING 20% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED AND AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT")

On behalf of the Board of Directors of the Company, Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake a private placement of up to 167,157,000 new ordinary shares in the Company (“Barakah Shares” or “Shares”), representing 20% of the existing total number of issued Shares, to independent third party investor(s) to be identified later and at an issue price to be determined later (“Proposed Private Placement”).

 

Please refer to the attachment for further details on the Proposed Private Placement.

 

This announcement is dated 14 April 2021.




Please refer attachment below.

Attachments

Barakah - Announcement.pdf
322.2 kB



Announcement Info

Company Name BARAKAH OFFSHORE PETROLEUM BERHAD
Stock Name BARAKAH
Date Announced 14 Apr 2021
Category General Announcement for PLC
Reference Number GA1-14042021-00090


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