Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Bumi Armada Berhad (Bumi Armada or the "Company") wishes to announce that its wholly-owned subsidiary, Bumi Armada Offshore Holdings Limited, has on 6 April 2015 incorporated a wholly-owned subsidiary in Malta under the name of Armada Floating Gas Storage Malta Ltd (AFG Storage).
The authorised capital of AFG Storage is EUR1,000,000 comprising 1,000,000 ordinary shares of EUR1.00 each, of which 1,200 ordinary shares have been issued upon incorporation. The intended principal business activities of AFG Storage are ship owners, charterers, managers of ships and vessels, marine support and other services to offshore oil and gas companies.
The incorporation of AFG Storage is not expected to have any material impact on the earnings or net assets of the Bumi Armada Group for the financial year ending 31 December 2015.
None of the Directors and/or major shareholders of Bumi Armada and persons connected to them have any interest, direct or indirect, in the said incorporation.
This announcement is dated 10 April 2015.