Reach Energy: Only shareholders as at Oct 28 can attend EGM
PETALING JAYA: Reach Energy Bhd, which has set Nov 16 as the new polling date for its proposed qualifying acquisition (QA), yesterday said only investors with shares as at Oct 28, 2016 will be able to vote as well as participate in the QA share repurchase programme.
In a filing with Bursa Malaysia yesterday, Reach said shareholders which purchased more shares post Oct 28 would not see those additional shares be eligible for the QA share repurchase.
Additionally, those who only bought shares in Reach after Oct 28, would not be able to vote, attend or speak at the adjourned EGM.
“If the name of the shareholders does not appear in the record of depositors as at the record date and they have acquired Reach Energy shares after Oct 28 up to Nov 16, these shareholders will not be entitled to attend, speak and vote at the adjourned EGM and will also not eligible to request the company to repurchase the Reach Energy shares acquired during the said period,” it added.