ICON

0.735

+0.005 (+0.7%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ICON OFFSHORE BERHAD ("ICON" OR "COMPANY') PROPOSED DISPOSAL OF PERISAI PACIFIC 101, A JACK-UP RIG BY ICON CAREN (L) INC, A WHOLLY-OWNED SUBSIDIARY OF ICON FLEET SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF ICON FOR AN INDICATIVE CONSIDERATION OF USD85 MILLION TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED DISPOSAL")

ICON OFFSHORE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
ICON OFFSHORE BERHAD ("ICON" OR "COMPANY')

PROPOSED DISPOSAL OF PERISAI PACIFIC 101, A JACK-UP RIG BY ICON CAREN (L) INC, A WHOLLY-OWNED SUBSIDIARY OF ICON FLEET SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF ICON FOR AN INDICATIVE CONSIDERATION OF USD85 MILLION TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED DISPOSAL")

On behalf of the Board of Directors of Icon, KAF Investment Bank Berhad wishes to announce that Icon Caren (L) Inc, a wholly-owned subsidiary of Icon Fleet Sdn Bhd, which in turn is a wholly-owned subsidiary of Icon, had on 30 August 2022 entered into a Sale and Purchase Agreement with ADES Arabia Holding or any of its assignee for the disposal of ‘Perisai Pacific 101’, a jack-up drilling rig registered with the Registrar of Malaysian Ships at Port Klang and bearing registration no. 335537, International Maritime Organisation no. 9662538 for a total disposal consideration of USD85,000,000 to be satisfied entirely in cash based on the terms and conditions as set out in the SPA.
 

Further details of the Proposed Disposal are set out in the attachment enclosed.

 

This announcement is dated 30 August 2022.




Please refer attachment below.



Announcement Info

Company Name ICON OFFSHORE BERHAD
Stock Name ICON
Date Announced 30 Aug 2022
Category General Announcement for PLC
Reference Number GA1-30082022-00123