We refer to our announcement dated 28 January 2008 in relation to the Extension of time for the Public Shareholding Spread requirements under Paragraph 8.15(1) of the Listing Requirements of Bursa Securities.
The level of public shareholding spread of Natural Bio Resources Berhad (“the Company”) as at 17 April 2008 is as follows:-
| Percentage of public shareholding spread | 34.68% |
| Number of public shareholders holding not less than 100 shares each | 925 |
The Company therefore still does not comply with Paragraph 8.15(1) of the Listing Requirements of Bursa Malaysia Securities Berhad (“Public Shareholding Spread Requirement”).
Bursa Malaysia Securities Berhad (“Bursa Securities”) had granted an extension of time of six (6) months until 30 June 2008 to the Company to comply with the Public Shareholding Spread Requirement. The Company has carried out initiatives by promoting itself to the investment public and its employees through status update meetings, whereby information on the direction and the performance of the Company are disseminated. Recently, the Company also initiated an Employee Share Option Scheme.
It is the intention of the Company to continue monitoring and reviewing the options available and thereafter comply with the Public Shareholding Spread Requirement within the stipulated time frame granted by Bursa Securities.
This announcement is dated 13 May 2008.