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PUBLIC SHAREHOLDINGS SPREAD

FGV HOLDINGS BERHAD

Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description
NON-COMPLIANCE WITH PUBLIC SHAREHOLDING SPREAD PURSUANT TO PARAGRAPH 8.02(1) OF THE MAIN MARKET LISTING REQUIREMENTS

Unless otherwise defined, the abbreviations and definitions used in the announcements dated 8 December 2020, 22 December 2020, 30 December 2020, 29 January 2021, 5 February 2021, and 15 March 2021 (“Announcements”), the offer document dated 12 January 2021 (“Offer Document”), the independent advice circular dated 22 January 2021 (“IAC”) and notices of extension of the Offer dated 2 February 2021, 11 February 2021 and 25 February 2021 (“Notices of Extension”) in relation to the Offer shall apply herein.

 

We refer to the Announcements, Offer Document, IAC and Notices of Extension in relation to the Offer.

 

Following the final closing date of the Offer at 5.00 p.m. (Malaysian time) on 15 March 2021, the Board of Director of FGV (“Board”) wishes to announce that the Offeror has received valid acceptances in respect of the Offer Shares resulting in the Offeror and its PACs holding 2,954,688,691 of FGV Shares, presenting 80.99% of the total issued shares of FGV. Accordingly, the public shareholding spread of FGV as at 15 March 2021 is 14.01%. As such, FGV continues to be deemed not in compliance with the public shareholding spread requirement in accordance with Paragraph 8.02(1) of the Listing Requirements.

 

In view of the above, FGV had on 16 March 2021 submitted an application to Bursa Securities for an extension of time in accordance with Paragraph 8.02(4) of the Listing Requirements to rectify the shortfall and to allow sufficient time for the Offeror to formulate a firm plan on FGV’s listing status.

 

FGV will make the necessary announcement in relation to the compliance status of the public shareholding spread requirement.

 

This announcement is dated 16 March 2021.

 






Announcement Info

Company Name FGV HOLDINGS BERHAD
Stock Name FGV
Date Announced 16 Mar 2021
Category General Announcement for PLC
Reference Number GA1-11032021-00058




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