General Announcement for PLC

05/02/2020

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS UZMA BERHAD ("UZMA" OR THE "COMPANY") PROPOSED ACQUISITION OF AN ADDITIONAL 22% EQUITY INTEREST IN SETEGAP VENTURES PETROLEUM SDN BHD ("PROPOSED ACQUISITION")

UZMA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
UZMA BERHAD ("UZMA" OR THE "COMPANY")

PROPOSED ACQUISITION OF AN ADDITIONAL 22% EQUITY INTEREST IN SETEGAP VENTURES PETROLEUM SDN BHD ("PROPOSED ACQUISITION")

On behalf of the Board of Directors of Uzma (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities”) wishes to announce that Tenggara Analisis Sdn Bhd (“Tenggara”), a wholly-owned subsidiary of Uzma, had on 5 February 2020 entered into a conditional shares sale agreement (“SSA”) with Dato’ Nasri bin Nasrun (“Dato’ Nasri”) to acquire 1,018,380 ordinary shares in Setegap Ventures Petroleum Sdn Bhd (“SVP”) (“Sale Shares”), representing 22% equity interest in SVP, for a cash consideration of RM52.8 million (“Purchase Consideration”) (“Proposed Acquisition”).

Please refer to the attachment for further details on the Proposed Acquisition.

This announcement is dated 5 February 2020.


Please refer attachment below.

Attachments

Uzma - Proposed Acquisition.pdf
302.5 kB


Announcement Info

Company Name UZMA BERHAD
Stock Name UZMA
Date Announced 05 Feb 2020
Category General Announcement for PLC
Reference Number GA1-05022020-00012


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