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Notable Trade Reach Energy CEO acquires additional 516,000 shares at 60 sen each
by Cals Thu 08 Jan 2015, 03:15
Notable Trade
Reach Energy CEO acquires additional 516,000 shares at 60 sen each
KUALA LUMPUR (Jan 7): Reach Energy Bhd chief executive officer (CEO) Shahul Hamid Mohd Ismail has recently acquired more shares in the oil and gas special purpose acquisition company (SPAC) via open market trades.
In a filing with Bursa Malaysia today, it was revealed that Shahul had acquired a total of 516,000 shares, representing a 0.04% direct stake in the company, on Jan 5 and Jan 6, 2015, at 60 sen each.
Apart from the direct interest of 516,000 shares he had just purchased, Shahul has deemed interest on another 255.6 million shares, representing a 20% stake in Reach, through his holdings in Reach Energy Holdings Sdn Bhd— the single largest shareholder of the SPAC.
Reach shares remained unchanged at 60 sen today, giving it a market capitalisation of RM760.3 million.
Reach Energy CEO acquires additional 516,000 shares at 60 sen each
KUALA LUMPUR (Jan 7): Reach Energy Bhd chief executive officer (CEO) Shahul Hamid Mohd Ismail has recently acquired more shares in the oil and gas special purpose acquisition company (SPAC) via open market trades.
In a filing with Bursa Malaysia today, it was revealed that Shahul had acquired a total of 516,000 shares, representing a 0.04% direct stake in the company, on Jan 5 and Jan 6, 2015, at 60 sen each.
Apart from the direct interest of 516,000 shares he had just purchased, Shahul has deemed interest on another 255.6 million shares, representing a 20% stake in Reach, through his holdings in Reach Energy Holdings Sdn Bhd— the single largest shareholder of the SPAC.
Reach shares remained unchanged at 60 sen today, giving it a market capitalisation of RM760.3 million.
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