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MULTIPLE PROPOSALS SCOMI GROUP BHD ("SGB" OR "THE COMPANY") (I) PROPOSED SHARE CAPITAL REDUCTION; (II) PROPOSED SHARE CONSOLIDATION; (III) PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS; (IV) PROPOSED RESTRICTED ISSUE; AND (V) PROPOSED LIABILITIES SETTLEMENT.

SCOMI GROUP BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
SCOMI GROUP BHD ("SGB" OR "THE COMPANY")

(I)	PROPOSED SHARE CAPITAL REDUCTION;
(II)	PROPOSED SHARE CONSOLIDATION;
(III)	PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS;
(IV)	PROPOSED RESTRICTED ISSUE; AND
(V)	PROPOSED LIABILITIES SETTLEMENT.

(Unless otherwise defined, the abbreviations and definitions used throughout this announcement shall have the same meaning as those previously defined in the Company’s announcements dated 27 May 2019, 30 May 2019, 18 July 2019, 9 August 2019, 20 August 2019, 3 December 2019, 20 December 2019, 30 December 2019, 21 January 2020 and 11 February 2020 in relation to the Proposals).

 

Reference is made to the Company’s announcement dated 13 February 2020 in relation to Suit No. WA-22NCC-74-02/20 Scomi Group Bhd v Gelombang Global Sdn Bhd (1st Defendant) & Malaysian Trustee Berhad (2nd Defendant).

 

The Company wishes to announce that the High Court of Malaya at Kuala Lumpur has on 17 February 2020 granted the following ad-interim injunction pending the full and final disposal of the application announced by the Company on 13 February 2020:

(1) to restrain the 1st Defendant, whether by themselves and/or their servants and/or agents or whosever from disposing, transferring, selling, charging, pledging or dealing in any manner whatsoever or otherwise deal with the 423,963,960 ordinary shares of Scomi Energy Services Berhad (“SESB”) including the interest accrued thereon (“Shares”); and

(2) to restrain the 1st Defendant, whether by themselves and/or their servants and/or agents or whosoever from (1) appointing any directors; (2) exercising voting rights, in respect of the Shares.

 

The Company will announce further developments of this suit in due course.

 

This announcement is dated 18 February 2020.






Announcement Info

Company Name SCOMI GROUP BERHAD
Stock Name SCOMI
Date Announced 18 Feb 2020
Category General Announcement for PLC
Reference Number GA1-14022020-00003