| REACH ENERGY BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | REACH ENERGY BERHAD ("REACH ENERGY" OR "COMPANY")
(I) PROPOSED ACQUISITION; AND
(II) PROPOSED PLACEMENT
(COLLECTIVELY REFERRED TO AS "PROPOSALS")
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(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Company’s announcements dated 5 March 2016, 18 March 2016, 11 April 2016, 12 April 2016, 23 May 2016, 24 May 2016, 26 May 2016, 20 June 2016, 4 July 2016, 19 July 2016, 24 August 2016, 5 September 2016, 21 September 2016, 7 October 2016, 12 October 2016, 27 October 2016, 4 November 2016, 7 November 2016, 9 November 2016, 16 November 2016 and 25 November 2016 in relation to the Proposals).
We refer to the Company’s announcement on 25 November 2016 in relation to the total amount of Dissenting Shares to be cancelled.
On behalf of the Board, HLIB and Maybank IB wish to announce that an additional 599,000 Dissenting Shares did not form part of the qualifying acquisition share repurchase due to a technical error in the registration for one shareholder during the Adjourned EGM. Nevertheless, as the Request Form for the said Reach Energy Shares was already submitted prior to the Company’s Adjourned EGM, payment of RM0.76351 per Reach Energy Share for the additional 599,000 Dissenting Shares was made today. Notwithstanding the exclusion of the 599,000 Reach Energy Shares in the qualifying acquisition share repurchase, the results of the Adjourned EGM announced on 16 November 2016 remain unchanged.
Following the satisfaction of the consideration for the additional Dissenting Shares, the revised total Dissenting Shares which has been repurchased amounts to 181,409,650. As such, 181,409,650 Dissenting Shares will be cancelled and the issued and paid-up capital of Reach Energy will reduce to RM10,964,127.75 comprising of 1,096,412,775 Reach Energy Shares.
This announcement is dated 15 December 2016.
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Announcement Info
| Company Name | REACH ENERGY BERHAD |
| Stock Name | REACH |
| Date Announced | 15 Dec 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15122016-00081 |
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