We refer to our earlier announcement dated 8 May 2012 informing that the Offer has become unconditional on 8 May 2012 (“Unconditional Date”).
Pursuant to Rule 8.02(3) of ACE Listing Requirements, eBworx wishes to announce that as at the Unconditional Date, the public shareholding spread of eBworx is 9.85%.
Based on the above, eBworx is not in compliance with Rule 8.02(1) of the ACE Listing Requirements. eBworx's non-compliance with the public shareholding spread arises from the acceptances received by the Offeror under the Offer.
As set out in Section 5 of the Offer Document dated 26 April 2012, the Offeror does not intend to maintain the listing status of eBworx and the Offeror does not intend to take any step to address the shortfall in the public shareholding spread of eBworx.
Pursuant to Rule 16.02(3) of the ACE Listing Requirements, the trading of the eBworx Shares will be suspended immediately upon the expiry of five (5) market days from 8 May 2012 and thereafter be removed from the Official List of Bursa Securities.
This announcement is dated 8 May 2012.