APPLICATION BY THE JUDICIAL MANAGERS OF EMAS OFFSHORE LIMITED FOR AN EXTENSION OF THE JUDICIAL MANAGEMENT ORDER AND TIME TO SUBMIT THE STATEMENT OF PROPOSALS AND CONVENE THE CREDITORS’ MEETING
The Board of Directors (the “Board”) of EMAS Offshore Limited (the “Company”) refers to its announcement dated 25 October 2019 in relation to the outcome of the Company’s application to be placed under judicial management pursuant to section 227B of the Companies Act (Cap. 50, 2006 Rev Ed) (“Companies Act”) (“JM Application”). Unless otherwise defined, all definitions used herein bear the same meaning ascribed to them in the 25 October 2019 announcement. The Company announced that the Court had, on 21 October 2019, granted the Company’s JM Application and ordered, inter alia, that