TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS I-BERHAD ("COMPANY") (I) PROPOSED RCULS EXTENSION; AND (II) PROPOSED DEED POLL AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
I-BERHAD ("COMPANY") (I) PROPOSED RCULS EXTENSION; AND (II) PROPOSED DEED POLL AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
This announcement is dated 10 July 2019.
On behalf of the Board of Directors of I-Berhad (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that the Company proposes to undertake the following:-
(a) proposed extension of the maturity date of the following redeemable convertible unsecured loan stocks (“RCULS”):-
(i) RM132 million 2014/2019 RCULS-A which was issued to Sumuracres Sdn Bhd (“Sumuracres”) on 27 August 2014 (“RCULS-A”); and
(ii) RM69 million 2014/2019 RCULS-B which was issued to Sumurwang Sdn Bhd (“Sumurwang”) on 27 August 2014 (“RCULS-B”),
(collectively referred to as “Proposed RCULS Extension”); and
(b) proposed amendments to the deed polls constituting the RCULS-A and RCULS-B both dated 18 August 2014 (“Deed Polls”), as a consequence of the Proposed RCULS Extension (“Proposed Deed Poll Amendments”),
(the Proposed RCULS Extension and Proposed Deed Poll Amendments shall collectively be referred to as the “Proposals”).
Please refer attachment below.
|Date Announced||10 Jul 2019|
|Category||General Announcement for PLC|