Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.

EDGENTA

3.020

-0.01 (-0.3%)

PUBLIC SHAREHOLDINGS SPREAD

UEM EDGENTA BERHAD

Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description
UEM Edgenta Berhad ("the Company" or "UEM Edgenta")
- Public Shareholding Spread Requirement pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities")

The Board of Directors of the Company wishes to announce that based on Record of Depositors as at 31 December 2018, the Company’s public shareholding spread of 24.40%, is below the 25% minimum public shareholding spread requirement stipulated under Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities.

 

The lower public shareholding spread was due to the transfer of 48,313,300 shares (5.81%) held by Lembaga Tabung Haji (“LTH”) to Urusharta Jamaah Sdn Bhd, a Special Purpose Vehicle set up by the Ministry of Finance to take over the identified properties and equities of LTH. LTH, being a statutory institution who manages funds belonging to contributors or investors who are members of the public, was deemed as public in PSS computation.

 

UEM Edgenta will be applying to Bursa Securities to seek approval for lower level of public shareholding spread and/or for an extension of time to address the shortfall in the public shareholding spread.

 

As at the date of this announcement, the Company has yet to formulate any rectification plan to address the shortfall in the public shareholding spread requirement. The Company will make the necessary announcements in relation to the status of its effort to comply with the public shareholding spread requirement.

 

This announcement is dated 25 February 2019.






Announcement Info

Company Name UEM EDGENTA BERHAD
Stock Name EDGENTA
Date Announced 25 Feb 2019
Category General Announcement for PLC
Reference Number GA1-25022019-00087




We found other announcement(s) you are probably looking for: