Pg 147 - Berjaya Corporation Berhad
Pg 147 - Berjaya Corporation Berhad
Pg 147 - Berjaya Corporation Berhad
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<strong>Berjaya</strong> Land <strong>Berhad</strong> (201765-A)<br />
118<br />
Annual Report 2005<br />
Material Contracts<br />
Other than as disclosed in Notes 13, 16, 22, 23, 26, 27, 30, 35, 36, 39 and 40 to the Financial Statements, the subsisting material contracts<br />
entered into by <strong>Berjaya</strong> Land <strong>Berhad</strong> (“BLand”) and its subsidiary companies involving Directors and major shareholders are as follows:-<br />
1) Eighteen (18) agreements dated 17 December 1999 entered into between BLand, <strong>Berjaya</strong> Group <strong>Berhad</strong> (“BGroup”) and fifteen (15)<br />
lenders in relation to the put and call options of up to a total of RM472,340,000 nominal amount of 5% Irredeemable Convertible<br />
Unsecured Loan Stocks (“ICULS”) 1999/2009, issued pursuant to the eighteen (18) subscription agreements dated 17 December 1999<br />
entered into between BLand and/or its subsidiary companies and fifteen (15) lenders for the subscription of a total of RM472,340,000<br />
nominal amount of 5% ICULS 1999/2009 pursuant to the debt conversion exercise of RM1,049,258,000 bank loans and debts owing by<br />
BLand and its subsidiary companies to various financial institutions and creditors into RM1,049,258,000 nominal amount of 5% ICULS<br />
1999/2009 and debt conversion of RM99,999,800 bank loans owing by BLand and its subsidiaries to Arab-Malaysian Bank <strong>Berhad</strong><br />
(“AMBB”), Arab-Malaysian Finance <strong>Berhad</strong> (“AMFB”) and Arab-Malaysian Merchant Bank <strong>Berhad</strong> (“AMMB”) into 64,516,000 new<br />
shares in BLand at an issue price of RM1.55 per share (“Debt Conversion Exercise”).<br />
2) Six (6) agreements dated 17 December 1999 entered into between BLand, BGroup and AMBB, AMFB, AMMB in relation to the put and<br />
call options of up to a total of RM333,382,000 nominal amount of 5% ICULS 1999/2009 issued pursuant to six (6) subscription<br />
agreements dated 17 December 1999 entered into between BLand and/or its subsidiary companies and AMBB, AMFB, AMMB for the<br />
subscription of RM333,382,000 nominal amount of 5% ICULS 1999/2009 and 64,516,000 new shares at an issue price of RM1.55 per<br />
new share pursuant to the Debt Conversion Exercise.<br />
Additional Information<br />
The amount of non-audit fees incurred by the Group for the financial year ended 30 April 2005 amounted to RM35,000.
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