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PARAGRAPH/RULE 8.03A COMPANIES : OTHERS

TALAM TRANSFORM BERHAD

Type Announcement
Subject PARAGRAPH/RULE 8.03A COMPANIES
OTHERS
Description
TALAM TRANSFORM BERHAD ("TTB" or "the Company")
ANNOUNCEMENT ON INADEQUATE LEVEL OF OPERATIONS PURSUANT TO PARAGRAPH 8.03A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

We refer to our announcement dated 29 June 2021 in relation to the Paragraph 8.03A(2)(b) Relief Announcement which had reported that the Company’s business or operations had generated revenue on a consolidated basis of 5% or less of the share capital (excluding treasury shares) based on TTB’s Fourth Quarterly Report for the financial year ended 31 March 2021. Hence, the Company triggered the criterion on insignificant business or operations in Paragraph 8.03A(2)(b) of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”) between 1 January 2021 and 30 June 2021 (both dates inclusive) (“8.03A(2)(b) Suspended Criterion”) pursuant to Bursa Securities’ letter dated 17 February 2021 which had granted additional relief measures to the listed issuers for a period of 12 months from the date of triggering the 8.03A(2)(b) Suspended Criterion.

 

The Board of Directors of TTB wishes to announce that the Company has re-assessed its condition based on the Company’s financial results from 1 April 2021 to 31 March 2022 (“Financial Results”) and based on the Financial Results, the revenue on a consolidated basis represents 7.74% of the share capital (excluding treasury shares) of the Company. Therefore, TTB has complied with Paragraph 8.03A (1) of the MMLR as it had generated revenue on consolidated basis that represents more than 5% of the issued and paid-up share capital (excluding treasury shares) and thus, maintained an adequate level of operations to warrant continued trading or listing on the Official List of Bursa Securities.

 

This announcement is dated 30 May 2022.






Announcement Info

Company Name TALAM TRANSFORM BERHAD
Stock Name TALAMT
Date Announced 30 May 2022
Category General Announcement for PLC
Reference Number GA1-27052022-00020




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