(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in our announcement dated 21 July 2014).
We refer to the announcements dated 5 June 2014, 25 June 2014, 21 July 2014, 29 August 2014, 28 October 2014, 17 November 2014 and 24 November 2014 in relation to the Proposed Transaction.
On behalf of Sona Petroleum, CIMB Investment Bank Berhad and RHB Investment Bank Berhad (collectively referred to as the “Joint Principal Advisers”) are pleased to announce that the approval of the Securities Commission (“SC”) in relation to the Proposed Transaction had been received on 24 November 2014.
The approval is subject to the following conditions:-
(i) The Joint Principal Advisers and Sona Petroleum to fully comply with the requirements of the SC’s Equity Guidelines, as applicable, pertaining to the implementation of the Proposed Transaction; and
(ii) The Joint Principal Advisers and Sona Petroleum to fully comply with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, as applicable, pertaining to the implementation of the Proposed Transaction and the issuance of the circular to the shareholders of Sona Petroleum.
Sona Petroleum remains committed to complete the Proposed Transaction under the terms of the sale and purchase agreement dated 18 July 2014.
This announcement is dated 25 November 2014.