On 28 December 2018, PTSC AP has entered into an addendum to the BBC Interim Contract with PTSC to extend the tenure for a further period of 6 months commencing from 1 January 2019 to 30 June 2019 (“Extended Interim Contract”). Save for the extension of the tenure, the terms under the BBC Interim Contract remain unchanged.
The Extended Interim Contract is entered into pursuant to a 6-month extension to the tenure of the Time Charter Interim Contract made between PTSC and PVEP for the time charter of PTSC FPSO Lam Son.
The Extended Interim Contract is expected to have positive impact on the earnings and net assets per share of Yinson Group for the financial year ending 31 January 2019 and 2020.
None of the Directors and/or major shareholders of the Company or persons connected to them has any interest, direct or indirect, in the Extended Interim Contract.
The Company will an make appropriate announcement to Bursa Malaysia Securities Berhad in accordance with the Main Market Listing Requirements should there be any material development on the matter.