TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : COMBINATION OF TRANSACTIONS ICON OFFSHORE BERHAD (“ICON” OR “COMPANY”) (I) PROPOSED ACQUISITION OF LIANNEX FLEET; (II) PROPOSED ACQUISITION OF YINSON POWER MARINE; (III) PROPOSED ACQUISITION OF REGULUS OFFSHORE; (IV) PROPOSED ACQUISITION OF YINSON CAMELLIA; (V) PROPOSED ACQUISITION OF YPVPL; (VI) PROPOSED ACQUISITION OF YPL; (VII) PROPOSED ACQUISITION OF ICON BAHTERA; AND (VIII) PROPOSED ACQUISITION OF ICON WAJA (COLLECTIVELY REFERRED TO AS “PROPOSED ACQUISTIONS”)

ICON OFFSHORE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
COMBINATION OF TRANSACTIONS
Description 
ICON OFFSHORE BERHAD (“ICON” OR “COMPANY”)

(I)	 PROPOSED ACQUISITION OF LIANNEX FLEET;
(II)	 PROPOSED ACQUISITION OF YINSON POWER MARINE;
(III)	 PROPOSED ACQUISITION OF REGULUS OFFSHORE;
(IV)	 PROPOSED ACQUISITION OF YINSON CAMELLIA;
(V)	 PROPOSED ACQUISITION OF YPVPL;
(VI)	 PROPOSED ACQUISITION OF YPL;
(VII)	 PROPOSED ACQUISITION OF ICON BAHTERA; AND
(VIII) PROPOSED ACQUISITION OF ICON WAJA

(COLLECTIVELY REFERRED TO AS “PROPOSED ACQUISTIONS”)

(Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the Company’s announcements dated 30 August 2024, 22 November 2024, 25 November 2024 and 31 December 2024 in relation to the Proposed Acquisitions)

On behalf of the Board, Maybank IB wishes to announce that:    

  1. the parties to the SSPA 1 had mutually agreed via written notice to waive one of the conditions precedent as set out in item (e), Section 2.1 of the SSPA 1, in respect of the execution of the necessary agreement(s) by Liannex Maritime in relation to the Proposed Placement; and
  1. the parties to the SSPA 4 had mutually agreed via written notice to waive one of the conditions precedent as set out in item (e), Section 2.1 of the SSPA 4, in relation to the settlement or capitalisation of all intercompany balances between ICON Bahtera and ICON Waja and Zell Transportation and any outstanding shareholder advances owed by ICON Bahtera and ICON Waja to Zell Transportation in a manner acceptable to ICON.

Save as disclosed above, all other terms of the SSPA 1 and SSPA 4 remain unchanged and are in full force and effect.

This announcement is dated 3 January 2025.



Announcement Info

Company Name ICON OFFSHORE BERHAD
Stock Name ICON
Date Announced 03 Jan 2025
Category General Announcement for PLC
Reference Number GA1-03012025-00015