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General Meetings: Notice Of Meeting
BackNov 24, 2022
| Type of Meeting | Extraordinary |
| Indicator | Notice of Meeting |
| Description | Reach Energy Berhad ("REB") or "the Company") - Extraordinary General Meeting |
| Date of Meeting | 15 Dec 2022 |
| Time | 10:00 AM |
|
Venue(s) |
Level 12, Menara Symphony |
| Date of General Meeting Record of Depositors | 06 Dec 2022 |
Resolutions |
|
1. Resolution 1 |
|
| Description | Proposed Settlement of debt amounting to USD49,562,125.54 or RM206,508,856.40 (RM1.00:USD0.24) via the issuance of RM1,032,544,282 new ordinary shares in the Company ("REB Share") to Super Racer Limited ("SRL" or "Offeror") at an issue price of RM0.20 per REB Share ("Settlement Shares") ("Proposed Debt Settlement") |
| Shareholder’s Action | For Voting |
2. Resolution 2 |
|
| Description | Proposed Exemption for the Offeror and Mr. Cheung Siu Fai ("Mr Cheung"), being the person acting in concert with SRL ("PAC") under Subparagraph 4.08(1)(B) of the Rules on Take-Overs, Mergers and Compulsory Acquisitions ("Rules") from the obligation to undertake a mandatory take-over offer for the remaining REB Shares not already held by them upon completion of the proposed debt settlement ("Proposed Exemption") |
| Shareholder’s Action | For Voting |
Please refer attachment below.
Announcement Info
| Company Name | REACH ENERGY BERHAD |
| Stock Name | REACH |
| Date Announced | 24 Nov 2022 |
| Category | General Meeting |
| Reference Number | GMA-24112022-00004 |
| Corporate Action ID | MY221124MEET0004 |
Attachments
- Reach_Energy_Berhad_-_Notice_and_Administrative_Guide_for_EGM.pdf (Size: 264,383 bytes)