Delay in despatch of circular and revised expected timetable in relation to (1) proposed Increase in authorised share capital; and (2) proposed rights issue on the basis of three (3) rights shares for every one (1) share held on the record date

Summary by 6ix AI

Reach New Holdings Ltd. has announced a delay in the dispatch of a circular regarding a proposed increase in authorized share capital and a rights issue, which is now expected to be sent out later than initially planned. The revised timetable for the rights issue includes several key dates, such as the new expected date for the dispatch of the circular and the record date for voting at the extraordinary general meeting. The announcement also warns shareholders about the risks associated with dealing in shares and nil-paid rights shares, emphasizing that the rights issue is subject to certain conditions.

Written by 6ix AI from the company’s filing. How 6ix writes summaries