Circular/Notice to Shareholders
| RESERVOIR LINK ENERGY BHD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE FOLLOWING:- (I) PROPOSED ACQUISITION BY RESERVOIR LINK SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF RESERVOIR LINK ENERGY BHD ("RLEB" OR THE "COMPANY"), OF THE REMAINING 70% EQUITY INTEREST IT DOES NOT ALREADY OWN IN PROPEL MAXFLO SDN BHD, FOR A PURCHASE CONSIDERATION OF APPROXIMATELY RM17.24 MILLION TO BE SATISFIED VIA A COMBINATION OF CASH PAYMENT OF APPROXIMATELY RM13.79 MILLION AND THE BALANCE OF APPROXIMATELY RM3.45 MILLION BY WAY OF ISSUANCE OF 18,688,347 NEW ORDINARY SHARES IN RLEB AT AN ISSUE PRICE OF RM0.1845; AND (II) PROPOSED ESTABLISHMENT OF A NEW LONG-TERM INCENTIVE PLAN ("LTIP") COMPRISING AN EMPLOYEES' SHARE OPTION SCHEME ("ESOS") AND A SHARE GRANT SCHEME, OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES IN RLEB (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME DURING THE DURATION OF THE LTIP FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF RLEB AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES) WHO FULFIL THE ELIGIBILITY CRITERIA AS SET OUT IN THE BY-LAWS GOVERNING THE LTIP, AFTER THE TERMINATION OF THE COMPANY'S EXISTING ESOS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
Please refer attachment below.
Announcement Info
| Company Name | RESERVOIR LINK ENERGY BHD |
| Stock Name | RL |
| Date Announced | 15 Dec 2025 |
| Category | Document Submission |
| Reference Number | DCS-15122025-00003 |