PUBLIC SHAREHOLDINGS SPREAD
|UNISEM (M) BERHAD|
|Subject||PUBLIC SHAREHOLDINGS SPREAD
UNISEM (M) BERHAD ("UNISEM" OR "THE COMPANY") Public Shareholding Spread Requirement pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements ("LR") of Bursa Malaysia Securities Berhad ("Bursa Securities")
We refer to the Company’s announcement subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A)) UNISEM (M) BERHAD ("UNISEM" OR "THE COMPANY") – VOLUNTARY TAKE-OVER OFFER dated 3 January 2019.
The Company wishes to announce that based on the Records of Depositors as at 31 December 2018 the public shareholding spread of the Company is at 22.686%, therefore the Company is not in compliance with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the LR of Bursa Securities which states that a listed issuer must ensure that at least 25% of its total listed shares (excluding treasury shares) are in the hands of public shareholders (“Public Spread Requirement”).
The Company will be submitting an application to Bursa Securities to seek an extension of time to comply with the Public Spread Requirement.
This announcement is dated 3 January 2019.
|Company Name||UNISEM (M) BERHAD|
|Date Announced||03 Jan 2019|
|Category||General Announcement for PLC|