|Subject||IDAMAN UNGGUL BERHAD (“Idaman”) Extension of the duration period of the existing Redeemable Secured Loan Stocks (“RSLS”) issued by Lambang Pertama Sdn Bhd (“LPSB”), a wholly-owned subsidiary of Idaman (“Second Extension”)|
Further to the announcements dated 16 November 2007, 14 December 2007, 15 January 2008, 16 May 2008 and 14 August 2008, the Board of Directors of Idaman wishes to inform that we have today received notification that the following agreements have been duly executed :
(a) Second Supplemental Trust Deeds for respective series C and D of the RSLS between LPSB and Universal Trustee (Malaysia) Berhad ("Trustee")(the Second Supplemental Trust Deed A was executed on 1 August 2008);
(b) Second Supplemental Sharing Agreement between LPSB, Idaman, Sureties (comprising Idris Hydraulic (Malaysia) Bhd, Wiragain Sdn Bhd, Syarikat Sabakina Sdn Bhd, Resolute Enterprise Sdn Bhd, Idris Hydraulic Properties Sdn Bhd, Klinker Investments Limited, Tenju Sdn Bhd and Bintang Tawau Sdn Bhd), the affected loan stockholders and Trustee;
(c) Second Supplemental Guarantee Agreement between LPSB, Idaman, Sureties, the affected loan stockholders and Trustee;
(d) Irrevocable Power of Attorney granted by LPSB in favour of Trustee;
(e) Irrevocable Power of Attorney granted by Idaman in favour of Trustee.
In addtion, the Irrevocable Power of Attorney issued by LPSB and Idaman had been duly stamped and registered at the High Court on 29 July 2009 and 30 July 2009 respectively.
|This announcement is dated 31 July 2009.|