The Board of Directors of Pertama Digital Berhad (“Company”) wishes to announce that in conjunction with the preparation of the Company’s semi-annual returns as at 30 June 2021, it came to the knowledge of the Company at the end of August 2021 that as at 30 June 2021, the Company was not in compliance with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

Based on the Record of Depositors, the registers of substantial shareholding and directors’ shareholding of the Company as at 30 June 2021, the public shareholding spread of the Company was then at 22.71%, representing a shortfall of 2.29% from the minimum required percentage of 25% of the total listed shares (excluding treasury shares) to be in the hands of public shareholders.

The Company has investigated the matter and noted that the shortfall in public shareholding spread was due to the emerging of a new substantial shareholder. On 29 June 2021 the new substantial shareholder acquired 6.92% of ordinary shares of the Company and on 30 June 2021, it acquired additional 3.23% of ordinary shares of the Company which reduced the public shareholding percentage of the Company from 25.94% to 22.71%. The notification on the emergence of the new substantial shareholder and changes in interest of substantial shareholder were received and announced on 2 July 2021.

The public shareholding shortfall has been rectified on 8 July 2021 with the disposal of 15 million shares (representing 3.46%) of the Company on 8 July 2021 by one of its existing substantial shareholders, thereby increasing the public shareholding percentage of the Company to 25.34%. The notification on the changes in interest of substantial shareholder was received and announced on 12 July 2021. This rectification occurred before the above-mentioned shortfall came to the Company’s knowledge.

The public shareholding spread of the Company as at 9 September 2021 is 50.75%.

The Company is submitting an application to Bursa Malaysia Securities Berhad for extension of time for the period from 30 June 2021 to 7 July 2021 for rectification of the technical non-compliance on public shareholding spread during that period.
 
This announcement is dated 10 September 2021.