We refer to the announcements dated 5 February 2021, 16 March 2021 and 24 March 2021 on FGV Holdings Berhad’s (“FGV” or “Company”) 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 (“Bursa Securities”) (“Public Spread Requirement”).

The Board of Directors of the Company wishes to announce that Bursa Securities, has vide its letter dated 4 August 2021, granted a further six-month extension until 3 February 2022, for the Company to comply with the Public Spread Requirement. 

Based on the Record of Depositors, the public shareholding spread of the Company continued to decrease from 13.99% as at 19 March 2021 to 13.69% as at 30 June 2021. The Company is still in non-compliance with the public shareholding spread requirement.

As at the date of this announcement, the Company has yet to formulate a rectification plan to address the shortfall in the Public Spread Requirement.

The Company will make the necessary announcements in relation to the status of its effort to comply with the Public Spread Requirement. 

This announcement is dated 5 August 2021.