ENCORP

0.265

-0.005 (-1.9%)

PUBLIC SHAREHOLDINGS SPREAD

ENCORP BERHAD

Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description
Status Announcement On Public Shareholding Spread Requirement Pursuant To Paragraph 3.3 of Practice Note 19 Of The Main Market Listing Requirements Of Bursa Malaysia Securities Berhad ("Listing Requirements")

We refer to our announcements dated 11.7.2014, 18.8.2014, 25.8.2014, 26.11.2014, 20.1.2015, 24.2.2015, 27.5.2015, 15.7.2015, 27.8.2015, 26.11.2015, 22.12.2015, 29.2.2016, 11.5.2016,18.8.2016, 23.8.2016, 21.11.2016, 23.2.2017, 20.4.2017, 29.5.2017, 25.8.2017, 29.9.2017, 23.11.2017, 23.2.2018, 27.4.2018, 25.5.2018, 29.8.2018, 30.10.2018, 28.11.2018, 26.2.2019, 23.5.2019 and 27.5.2019.

Bursa Malaysia Securities Berhad had vide its letter dated 21 May 2019, granted its approval for a further extension of time of 6 months until 9 October 2019 for the Company to comply with the public shareholding spread requirement.

Based on the Record of Depositors as at 26 August 2019, the public shareholding spread is 22.5%, which is still below the minimum public shareholding spread requirement.

The Company is considering various options to address the shortfall in the public shareholding spread which may include, inter-alia, a private placement of new Encorp shares by Encorp and/or secondary placement of existing Encorp shares by certain shareholders of Encorp.

The Company will continue to monitor the level of public shareholding spread and make the necessary announcements in relation to the status of its efforts to comply with the public shareholding spread requirement in accordance with the Listing Requirements.

This announcement is dated 28 August 2019.






Announcement Info

Company Name ENCORP BERHAD
Stock Name ENCORP
Date Announced 28 Aug 2019
Category General Announcement for PLC
Reference Number GA1-23082019-00011