SAPNRG

0.050

(%)

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : OTHERS

SAPURA ENERGY BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
OTHERS
Description
SAPURA ENERGY BERHAD ("SEB" OR THE "COMPANY")

APPLICATION FOR A FURTHER EXTENSION OF TIME TO COMPLY WITH PARAGRAPH 8.04(3) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

We refer to the announcements dated 31 May 2022 ("First Announcement") and the subsequent announcements dated 19 May 2023 in respect of the application to Bursa Securities for an extension of time to submit its regularisation plan ("1st EOT Application"), the announcement dated 13 June 2023 in respect of Bursa Securities' approval for the 1st EOT Application and the announcement dated 30 October 2023 in respect of the application to Bursa Securities for a further extension of time to submit its regularisation plan ("2nd EOT Application"). Unless otherwise stated, all terms used herein shall have the same meaning as defined in the said announcements.

On behalf of the Board of Directors of SEB, MIDF Amanah Investment Bank Berhad wishes to announce that Bursa Securities had, vide its letter dated 13 December 2023, granted the Company a further extension of time of six (6) months from 30 November 2023 until 31 May 2024 for the Company to submit its regularisation plan to Bursa Securities following the 2nd EOT Application.

The aforesaid extension of time is without prejudice to Bursa Securities' right to proceed to suspend the trading of the listed securities of SEB and to de-list the Company in the event:

(i)     the Company fails to submit its regularisation plan to the relevant regulatory authorities on or before 31 May 2024;

(ii)    the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or

(iii)   the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of SEB on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company's right to appeal against the delisting.

This announcement is dated 14 December 2023.






Announcement Info

Company Name SAPURA ENERGY BERHAD
Stock Name SAPNRG
Date Announced 14 Dec 2023
Category General Announcement for PLC
Reference Number GA1-14122023-00012