Submitting Merchant Bank
:
HONG LEONG INVESTMENT BANK BERHAD
Company Name
:
SCOMI GROUP BERHAD
Stock Name
:
SCOMI  
Date Announced
:
14/01/2013


Type
:
Announcement
Subject
:
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES

Description
:
SCOMI GROUP BHD ("SGB" OR "THE COMPANY")

PROPOSED ISSUANCE OF RM110.0 MILLION NOMINAL VALUE OF ZERO COUPON 3-YEAR REDEEMABLE CONVERTIBLE SECURED BONDS ("BONDS") BY SGB TO IJM CORPORATION BERHAD ("IJM") ("PROPOSED BONDS ISSUE")

Announcement Details/Table Section :

Reference is made to the earlier announcements dated 24 September 2012, 29 October 2012, 9 November 2012, 12 November 2012, 6 December 2012 and 14 December 2012 in relation to the Proposed Bonds Issue.

On behalf of the Board of Directors of SGB, Hong Leong Investment Bank Berhad (formerly known as MIMB Investment Bank Berhad) ("HLIB") is pleased to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has vide its letter dated 14 January 2013 approved the listing of up to 348,873,287 new ordinary shares of RM0.10 each to be issued pursuant to the conversion of the Bonds.

The approval by Bursa Securities for the Proposed Bonds Issue is subject to the following conditions:

(i) SGB and HLIB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Bonds Issue;

(ii) SGB and HLIB to inform Bursa Securities upon the completion of the Proposed Bonds Issue; and

(iii) SGB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Bonds Issue is completed.

This announcement is dated 14 January 2013.


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