PUBLIC SHAREHOLDINGS SPREAD
|UNISEM (M) BERHAD|
|Subject||PUBLIC SHAREHOLDINGS SPREAD
UNISEM (M) BERHAD ("UNISEM" OR "THE COMPANY") - Status Announcement on compliance with the Required Public Shareholding Spread
We refer to the Company’s announcements on public shareholding spread dated 3 January 2019, 9 January 2019 and 17 January 2019.
The Board of Directors of Unisem wishes to announce the following Status Announcement on the compliance with the required public shareholding spread, in conjunction with the release of the Company’s quarterly results for the fourth quarter ended 31 December 2018, pursuant to Section 3.3 of Practice Note 19 of the Main Market Listing Requirements (“Listing Requirements”):
(a) The Company currently does not meet the requirement as set out in paragraph 8.02(1) of the Listing Requirements 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”).
(b) Based on the Company’s Register of Depositors as at 8 January 2019, the public shareholding spread of the Company was at 13.139%. This percentage represents a shortfall of 11.861% from the Public Spread Requirement.
(c) Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide their letter dated 17 January 2019 approved an extension of time from 31 December 2018 until 1 July 2019 to comply with the Public Spread Requirement.
(d) The Company together with Huatian Technology (Malaysia) Sdn Bhd (“HT Malaysia”) are still working on a plan to address the shortfall in the Public Spread Requirement.
This announcement is dated 25 February 2019.
|Company Name||UNISEM (M) BERHAD|
|Date Announced||25 Feb 2019|
|Category||General Announcement for PLC|