Reclaims Global Limited Extraordinary General Meeting Approves 1-for-1 Bonus Issue

Key Highlights

• Shareholders approved a major bonus issue: up to 151,000,000 new ordinary shares, on a 1-for-1 basis.
• Bonus shares will be allotted to shareholders based on their holdings as of a record date to be determined by the Directors.
• The purpose is to enhance liquidity and allow proportional participation in the Company’s growth.
• The resolution was passed unanimously, with 96,594,900 votes (100%) in favor and none against.
• Fractional entitlements will be disregarded, aggregated, and disposed of or dealt with at the Directors’ discretion for the benefit of the Company.
• The Board is authorized to execute all necessary actions to implement the bonus issue.

Details of the Bonus Issue

At the Extraordinary General Meeting (EGM) held on 12 March 2026, Reclaims Global Limited’s Executive Chairman, Mr Chan Chew Leh, welcomed shareholders and guests. The EGM was convened specifically to seek shareholder approval for a substantial bonus issue of shares—up to 151 million new ordinary shares, on a 1-for-1 basis. This means each shareholder will receive one bonus share for every one existing share they hold, subject to a record date to be decided by the Board.

The Company believes this move will significantly enhance share liquidity and provide shareholders with an opportunity to participate in the Company’s growth. Such a large-scale bonus issue is a positive signal and is typically seen as a reward for shareholders, potentially making the stock more attractive to investors and improving market accessibility.

Shareholder Questions and Board Response

During the meeting, a shareholder thanked the Board for their generosity and queried whether the Company had plans for additional share placements, such as issuing bonus warrants with an exercise period of three to five years, which could further increase investor flexibility and expand the investor base. The Company Secretary, Mr Toh Yang Wee, responded that the Board remains focused on enhancing shareholder value and that any future corporate actions would be announced via SGXNet in a timely manner.

Poll Results

The resolution was put to a poll, administered by independent polling agents and scrutineers. The results were as follows:

• For: 96,594,900 votes (100%)
• Against: 0 votes (0%)
• Total valid shares cast: 96,594,900

The resolution was duly carried, and the Board is now authorized to proceed with the bonus issue and take all necessary actions to implement it.

Potential Price-Sensitive Implications

• The bonus issue could increase liquidity and trading volume, making the stock more attractive for investors.
• Shareholders will see their holdings double, although the share price may adjust to reflect the increased share count.
• Any future corporate actions, such as bonus warrants, may further impact the share’s attractiveness and valuation.
• Fractional shares will not be allotted, but aggregated and disposed of as the Directors see fit, potentially affecting small shareholders.

Next Steps and Investor Information

• The record date for the bonus issue will be announced by the Directors in due course.
• Results of the EGM and bonus issue will be published on SGXNet and the Company’s website after trading closes.
• Investors should monitor SGXNet and the Company’s announcements for further updates regarding the bonus issue and any additional corporate actions.

Conclusion

The approval of a 1-for-1 bonus issue by Reclaims Global Limited is a significant corporate event, likely to impact share liquidity and trading dynamics. Investors are advised to take note of the changes and remain alert to further announcements, which could provide additional opportunities or affect their holdings.

Disclaimer: This article is based on the official minutes of the Extraordinary General Meeting of Reclaims Global Limited held on 12 March 2026. It is intended for informational purposes only and does not constitute investment advice. Investors should consult their financial advisors and monitor official company announcements for the latest updates and implications.

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