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Provider: Thomson Reuters Stock Report
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Abterra Ltd announces termination of sale and purchase agreement relating to 54.42% equity interest and update on repayment terms


Friday, 9 May 2014 06:26am EDT 

Abterra Ltd:Refers to announcements made by company in relation to above matter.Unless otherwise stated, capitalised terms used in this announcement shall have same meaning as ascribed to them in Announcements.Pursuant to terms of Supplemental Deed, agreed to, provide first-ranking mortgage and/or security interest (Replacement Security) over its 65 pct shareholding interest in General Nice (S.A.) Resources Company Limited (GNSA).Says this is as replacement security for purposes of guaranteeing Full Winner’s payment and discharge obligations in respect of outstanding Refund Payment.Guarantor and Company have, contemporaneously with execution of Supplemental Deed, enters into Deed of Share Charge as replacement Security.There are no changes to payment terms of the Refund Payment payable by Full Winner to Company pursuant to the Supplemental Deed.Company has received first two instalment payments of the Refund Payment in aggregate amount of 122,840,000 ringgit from Full Winner in accordance with repayment terms of Deed. 

Company Quote

0.625
-0.0050 -0.79%
26 Dec 2014