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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, 23 August 2022 and 30 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 (“Listing Requirements”) of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Public Spread Requirement”).

Pursuant to Paragraphs 3.3 and 3.4 of Practice Note 19 of the Listing Requirements, the Company does not currently comply with the Public Spread Requirement. As of 21 November 2022, the public shareholding spread of the Company was at 13.06%.

The Board of Directors of FGV (“Board”) intends to rectify such non-compliance with the minimum Public Spread Requirement. The Board has been engaging with FGV’s major shareholder on a regular basis for the last several months and has appointed an advisor to advise on various options to address the non-compliance with the Public Spread Requirement.

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 Listing Requirements.


This announcement is dated 30 November 2022.





Announcement Info

Company Name FGV HOLDINGS BERHAD
Stock Name FGV
Date Announced 30 Nov 2022
Category General Announcement for PLC
Reference Number GA1-29112022-00038




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