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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
We refer to the announcements dated 5 February 2021, 16 March 2021, 24 March 2021, 5 August 2021, 30 August 2021, 30 November 2021, 31 January 2022 and 28 February 2022 on FGV Holdings Berhad’s (“FGV” or “Company”) non-compliance with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements (LR) of Bursa Malaysia Securities Berhad (Bursa Securities) (Public Spread Requirement). ​

The Board of Directors of the Company wishes to announce the Company's public shareholding spreas status pursuant to Paragraph 3.3 of the Practice Note 19 of the Bursa Securities LR, in conjunction with the release of the Company’s first quarter financial performance for the financial year ending 31 December 2022 as follows:

(i) The Company does not comply with the Public Spread Requirement based on it's public shareholding spread of 12.92% according to the Company’s record of depositors as at 25 May 2022.

(ii) The Company’s major shareholder, FELDA, vide its letter dated 23 February 2022 maintained its intention not to retain the listing status of the Company as indicated in its Offer Document dated 12 January 2021.

(iii) The Company has not formulated a feasible rectification plan to address the shortfall in the Public Spread Requirement.

(iv) Bursa Securities, vide its letter dated 28 January 2022, granted the Company an extension of time of six (6) months until 3 August 2022 to comply with the public shareholding spread requirement.

(v) The Company will continue to make the quarterly announcements on the status of its efforts to comply with the Public Spread Requirement in compliance with the Bursa Securities LR.  

This announcement is dated 31 May 2022.





Announcement Info

Company Name FGV HOLDINGS BERHAD
Stock Name FGV
Date Announced 31 May 2022
Category General Announcement for PLC
Reference Number GA1-31012022-00014




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