General Announcement
27/02/2004Paragraph 8.15(1) of the Listing Requirements ("LR") Public Shareholding Spread
KNM GROUP BERHAD |
Type | Announcement |
Subject | Paragraph 8.15(1) of the Listing Requirements ("LR") Public Shareholding Spread |
Contents :
The Board of Directors of KNM Group Berhad (KNM) wish to notify that KNM does not comply with the public shareholding spread requirement as prescribed in paragraph 8.15(1) of the LR, whereby a listed issuer must have at least 25% of its listed shares in the hands of a minimum of 1,000 public shareholders holding not less than 100 shares each.
According to the Record of Depositors as at 20 February 2004, the number of public shareholders in KNM holding not less than 100 shares each has fallen to 914.
KNMs public shareholding spread as at 20 February 2004 is 40.19%.
An extension of time for compliance with the public shareholding spread requirement has been granted by Malaysia Securities Exchange Berhad (Exchange) for a period of 6 months from 27 February 2004 and expiring on 26 August 2004.
The implementation of the Proposed Placement, Proposed Bonus Issue, Proposed Share Split and Proposed Employees Share Option Scheme as announced by KNM in another announcement dated 27 February 2004 are intended to enable KNM to comply with paragraph 8.15(1) of the LR.
The Proposals in the said announcement are expected to be completed within 6 months from the date of the said announcement.
This announcement is dated 27 February 2004.
Announcement Info
Company Name | KNM GROUP BERHAD |
Stock Name | KNM |
Date Announced | 27 Feb 2004 |
Category | General Announcement |
Reference No | KG-040227-64675 |