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PUBLIC SHAREHOLDINGS SPREAD

UNISEM (M) BERHAD

Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description
UNISEM (M) BERHAD ("UNISEM" OR "THE COMPANY") - Status Announcement on compliance with the Required Public Shareholding Spread

We refer to the Company’s announcements on public shareholding spread dated 3 January 2019, 9 January 2019, 17 January 2019, 25 February 2019, 25 April 2019, 3 June 2019, 6 August 2019, 25 October 2019, 15 November 2019 and 26 February 2020, 29 April 2020, 22 June 2020, 3 August 2020, 23 October 2020, 30 December 2020, 12 January 2021 and 13 January 2021.

 

The Board of Directors of Unisem wishes to announce the following Status Announcement on the compliance with the required public shareholding spread, in conjunction with the release of the Company’s quarterly results for the fourth quarter ended 31 December 2020, pursuant to Section 3.3 of Practice Note 19 of the Main Market Listing Requirements (“Listing Requirements”):

 

(a) The Company currently does not meet the requirement as set out in paragraph 8.02(1) of the Listing Requirements which states that a listed issuer must ensure that at least 25% of its total listed shares (excluding treasury shares) are in the hands of public shareholders (“Public Spread Requirement”).

 

(b) Based on the Company’s Register of Depositors as at 31 December 2020, the public shareholding spread of the Company was at 20.95%. This percentage represents a shortfall of 4.05% from the Public Spread Requirement.

 

(c) Bursa Malaysia Securities Berhad had vide their letter dated 12 January 2021 granted the Company an extension of time of 6 months from 1 January 2021 until 30 June 2021 to comply with the Public Spread Requirement. 

 

(d) Within the extension of time of 6 months from 1 January 2021 until 30 June 2021 as granted by Bursa Malaysia Securities Berhad,

  • the Company completed the second and final tranche of the private placement of 21,075,500 new shares on 21 January 2021 and thus completed the private placement of up to 10% of the total number of issued shares (excluding treasury shares) of the Company, 
  • the Company also intends to resell its 6,745,200 treasury shares on the open market after the completion of the private placement exercise;
  • thereafter, Huatian Technology (Malaysia) Sdn Bhd intends to fulfil its undertaking to sell the required number of its Unisem Shares to address the shortfall in the Public Spread Requirement.

 

 

 

This announcement is dated 25 February 2021.






Announcement Info

Company Name UNISEM (M) BERHAD
Stock Name UNISEM
Date Announced 25 Feb 2021
Category General Announcement for PLC
Reference Number GA1-22022021-00016




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