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, 17 January 2019, 25 February 2019, 25 April 2019, 3 June 2019, 6 August 2019, 25 October 2019 and 15 November 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 2019, 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 31 December 2019, the public shareholding spread of the Company was at 15.594%. This percentage represents a shortfall of 9.406% from the Public Spread Requirement.
(c) Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide their letter dated 15 November 2019 granted the Company an extension of time from 1 January 2020 to 30 June 2020 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 26 February 2020.
|Company Name||UNISEM (M) BERHAD|
|Date Announced||26 Feb 2020|
|Category||General Announcement for PLC|