Contents | In compliance with paragraph 3.4 of Guidance Note 13/2007 of the MMLR, the Company wishes to announce that the Companys public shareholding spread according to the Record of Depositors of TDEX as at 18 January 2008 is as follows:-
Number of Public Shareholders * : 711
Percentage (%) of Public Spread : 39.26%
Note:
* Number of public shareholders who each hold not less than 100 shares of RM0.10 each in TDEX.
The Company has complied with the minimum public shareholding spread of 25% but does not comply with the minimum of 1,000 public shareholders pursuant to Rule 8.15(1) of the MMLR.
As announced on 4 February 2008, Bursa Securities had granted TDEX an extension of time of six (6) months from 2 January 2008 until 1 July 2008 to comply with the Public Shareholding Spread Requirement.
In efforts to comply with the Public Shareholding Spread Requirement, the Company had undertaken and completed the following corporate exercises to enhance the liquidity in the trading of TDEX shares:-
(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). On 22 October 2007, the Company had issued and allotted the total of 8,000,000 placement shares; 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). 89,122,000 new TDEX shares have been issued and allotted on 10 December 2007 pursuant to the Bonus Issue.
Amongst others, the Company will undertake continuous investor relations programmes in its endeavour to meet the Requisite Public Spread within the time frame.
This announcement is dated 26 February 2008.
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