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General Meetings: Outcome Of Meeting
| Type of Meeting | Extraordinary |
| Indicator | Outcome of Meeting |
| Date of Meeting | 15 Dec 2022 |
| Time | 10:00 AM |
| Venue(s) | Level 12, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim Seksyen 13 46200 Petaling Jaya, Selangor. Malaysia |
| Outcome of Meeting |
We refer to Reach Energy Berhad ("REB" or "the Company")'s announcement dated 24 November 2022 in relation to the Notice of the Extraordinary General Meeting ("EGM"). On behalf of the Board of Directors of REB, we are pleased to announce that at the EGM of REB held on 15 December 2022, the shareholders of REB had approved all the resolutions referred to in the Notice of the EGM dated 24 November 2022 by way of poll via remote participation and electronic voting at the EGM of REB held today, Thursday, 15 December 2022 at 10.00 a.m. at the broadcast venue of 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, 46200 Petaling Jaya, Selangor. The resolutions were determined by way of poll and the results of the poll were validated by the Independent Scrutineer, PKF PLT. |
Voting Results |
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1. Resolution 1 |
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| 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 | |
| Voted | For | Against |
| No. of Shareholders | 53 | 13 |
| No. of Shares | 327,504,060 | 54,091 |
| % of Voted Shares | 99.9835 | 0.0165 |
| Result | Accepted | |
2. Resolution 2 |
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| 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 | |
| Voted | For | Against |
| No. of Shareholders | 53 | 13 |
| No. of Shares | 327,504,560 | 53,591 |
| % of Voted Shares | 99.9836 | 0.0164 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | REACH ENERGY BERHAD |
| Stock Name | REACH |
| Date Announced | 15 Dec 2022 |
| Category | General Meeting |
| Reference Number | GMA-15122022-00008 |
| Corporate Action ID | MY221215MEET0007 |
Attachments
- REB-EGM_Poll_Result.pdf (Size: 654,135 bytes)