In compliance with Paragraph 3.2 of PN1/2001, Talam wishes to inform on the status of the various credit facilities in default by the Company and its subsidiaries to the financial institutions as at 31 March 2009 as detailed in Table A attached hereto which has been categorized into 6 groups.
On the Regularisation Plan, the Company is inter-alia, still awaiting the Securities Commission’s approval on certain revisions to the Principal Terms and Conditions of the Redeemable Convertible Secured Loan Stocks and 10-Year Al-Bai Bithaman Ajil Islamic Debt Securities, prior to the issuance of securities to inter-alia, the lenders of the Company.
This announcement is dated 4 May 2009.