Highlights

[REACH] EGM on 15-Dec-2022


Stock [REACH]: REACH ENERGY BHD
Announcement Date 24-Nov-2022
Reference No GMA-24112022-00004
Corporate Action ID MY221124MEET0004

Type Extraordinary General Meeting
Date & Time 15-Dec-2022   10:00
Depositor Date 06-Dec-2022
Venue Level 12, Menara Symphony,No. 5, Jalan Prof. Khoo Kay Kim,Seksyen 13,46200 Petaling Jaya, Selangor.,MY

Description Reach Energy Berhad ("REB") or "the Company") - Extraordinary General Meeting
Remark -

RESOLUTIONS

Resolution 1 (For Voting)
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")
Resolution 2 (For Voting)
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")


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