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MULTIPLE PROPOSALS TRANSOCEAN HOLDINGS BHD ("THB" OR THE "COMPANY") (I) PROPOSED ACQUISITION; AND (II) PROPOSED DIVERSIFICATION (COLLECTIVELY, THE "PROPOSALS")

TRANSOCEAN HOLDINGS BHD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
TRANSOCEAN HOLDINGS BHD ("THB" OR THE "COMPANY")

(I) PROPOSED ACQUISITION; AND
(II) PROPOSED DIVERSIFICATION

(COLLECTIVELY, THE "PROPOSALS")

(Unless otherwise stated or redefined, all abbreviations and definitions used herein shall have the same meanings as those used in the Company’s announcements dated 16 April 2021, 15 June 2021, 22 June 2021, 23 June 2021, 29 June 2021 and 30 June 2021 in relation to the Proposals (“Announcements”))

 

Reference is made to the Announcements. Pursuant to the term of SSA, a shareholders’ agreement (“SHA”) shall be entered into on terms to be mutually agreed by THB and ECSB to set out the responsibilities and obligations of THB and ECSB as the shareholders of ESSB and to record the terms and conditions governing the structure and organisation of ESSB and the rights and obligations of THB, ECSB and ESSB.


On behalf of the Board, M&A Securities wishes to announce that THB had on 7 July 2021 entered into the SHA with ECSB and ESSB.

 

Please refer to the attachment for the salient terms of the SHA.

 

This announcement is dated 7 July 2021.




Please refer attachment below.



Announcement Info

Company Name TRANSOCEAN HOLDINGS BHD
Stock Name TOCEAN
Date Announced 07 Jul 2021
Category General Announcement for PLC
Reference Number GA1-07072021-00001




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