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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, 28 February 2022, 31 May 2022, 5 August 2022 and 23 August 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).

Pursuant to Items 3.2, 3.3 and 4.4 of the Practice Note 19 of the Listing Requirements, the Company wishes to inform the following:
  1. The Company continues to be in non-compliance with the public shareholding spread requirement.
  2. Based on the Record of Depositors, as at 25 August 2022 the public shareholding spread of the Company was at 13.06%.
  3. The Company has not formulated any feasible rectification plan to address the shortfall in the Public Spread Requirement.
  4. The Company’s recent extension of time granted by Bursa Securities expired on 3 August 2022. Bursa Securities vide its letter dated 18 August 2022 has rejected the Company’s application for another six months’ extension of time for the Company to comply with the public shareholding spread requirement.
  5. In view of Bursa Securities’ rejection on the Company’s extension of time application the Company is aware that Bursa Securities may take or impose on the Company for a breach of Paragraph 8.02(1) of the Bursa Securities LR any type of action or penalty pursuant to Paragraph 16.19 of the Bursa Securities LR and suspend trading in the Company’s securities pursuant to Paragraph 16.02 of the Listing Requirements.
This announcement is dated 30 August 2022.





Announcement Info

Company Name FGV HOLDINGS BERHAD
Stock Name FGV
Date Announced 30 Aug 2022
Category General Announcement for PLC
Reference Number GA1-23082022-00085




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