General Announcement
14/08/2007TECHNODEX BHD. (TDEX OR COMPANY) PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO RULE 8.15(1) OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (BURSA SECURITIES) FOR THE MESDAQ MARKET (MMLR)
TECHNODEX BHD |
Type | Announcement |
Subject | TECHNODEX BHD. (TDEX OR COMPANY) PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO RULE 8.15(1) OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (BURSA SECURITIES) FOR THE MESDAQ MARKET (MMLR) |
Contents :
With reference to the Companys announcement dated 1 August 2007, the Board of Directors of TDEX wishes to announce that Bursa Malaysia Securities Berhad (Bursa Securities) has granted TDEX an extension of time of six (6) months from 2 July 2007 until 1 January 2008 to comply with the public shareholding spread requirement pursuant to Rule 8.15 (1) of the MMLR.
The public shareholding spread based on the Record of Depositors of TDEX as at 5 June 2007 is as follows:-
Number of public shareholders | : | 375 |
Percentage (%) of public spread | : | 26.93% |
The Company had on 11 June 2007 announced that it proposed to undertake, amongst others, the following corporate exercises:-
(i) a private placement of up to 8,000,000 new ordinary shares of RM0.10 each (Shares) in TDEX representing 10% of the existing issued and paid-up share capital of TDEX to investors to be identified (Proposed Private Placement); and
(ii) a bonus issue of up to 96,000,000 new Shares to be credited as fully paid-up to the shareholders of TDEX on the basis of one (1) new Share for every one (1) existing Share held in TDEX (Proposed Bonus Issue).
The Company envisages that the new shares to be issued pursuant to the Proposed Private Placement and Proposed Bonus Issue will enhance the liquidity in the trading of TDEX Shares. Securities Commission had via its letter dated 20 July 2007 approved the Proposed Private Placement. The Proposed Private Placement is subject to Bursa Securitiess approval for the listing of and quotation for the shares. On other hand the Proposed Bonus Issue is subject to the approvals being obtained from Bursa Securities and the Shareholders of TDEX at an Extraordinary General Meeting to be convened. The Proposed Private Placement and Proposed Bonus Issue are tentatively expected to be completed by the end of November 2007.
This announcement is dated 14 August 2007.
Announcement Info
Company Name | TECHNODEX BHD (MESDAQ Market) |
Stock Name | TDEX |
Date Announced | 14 Aug 2007 |
Category | General Announcement |
Reference No | CM-070814-49394 |
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