PLS

0.740

(%)

PUBLIC SHAREHOLDINGS SPREAD

PLS PLANTATIONS BERHAD

Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description
PLS PLANTATIONS BERHAD ("PLS" OR "THE COMPANY") 
-	Status Announcement on the Public Shareholding Spread

We refer to the announcements dated 9 December 2019, 26 December 2019, 28 February 2020 and 30 March 2020 in relation to the Company’s non-compliance with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”) (“Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Announcements.

 

On 30 March 2020, Bursa Securities approved the Company’s application for an extension of time of six (6) months until 29 August 2020 to comply with Public Shareholding Spread Requirement pursuant to Paragraph 8.02(1) of the Listing Requirements.

 

The Board of Directors wishes to announce that the Company has yet to meet the Public Shareholding Spread Requirement. As at the date of this announcement, the Company's public shareholding spread is 23.28%, representing a shortfall of 1.72% from the Public Shareholding Spread Requirement.

 

The Company is in the midst of formulating a rectification plan to address the non-compliance in the Public Shareholding Spread Requirement within the extended period.

 

The Company will continue to monitor the level of the Public Shareholding Spread Requirement and will make the necessary announcement in relation to the status of the Public Shareholding Spread Requirement in accordance with the Listing Requirements.

 

This announcement is dated 4 August 2020. 






Announcement Info

Company Name PLS PLANTATIONS BERHAD
Stock Name PLS
Date Announced 04 Aug 2020
Category General Announcement for PLC
Reference Number GA1-04082020-00062