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Additional Listing Announcement /Subdivision of Shares
BackMar 28, 2023
1. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Special Issue |
| Details of corporate proposal | Settlement of debt amounting to USD49,562,125.54 or RM206,508,856.40 (RM1.00:USD0.24) via the issuance of 1,032,544,282 new ordinary shares in Reach Energy Berhad ("REB") ("Shares") to Super Racer Limited at an issue price of RM0.20 per Share |
| No. of shares issued under this corporate proposal | 1,032,544,282 |
| Issue price per share ($$) | Malaysian Ringgit (MYR) 0.2000 |
| Par Value($$) (if applicable) | |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 2,128,957,057 |
| Issued Share Capital ($$) | Malaysian Ringgit (MYR) 885,939,437.510 |
| Listing Date | 29 Mar 2023 |
| Remarks : |
| This announcement is dated 28 March 2023. |
Announcement Info
| Company Name | REACH ENERGY BERHAD |
| Stock Name | REACH |
| Date Announced | 28 Mar 2023 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-28032023-00002 |