181 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 12. Historical Shares Prices The monthly highest and lowest market prices of GHL Shares traded on Bursa Securities for the preceding twelve (12) months are as follows: High Low 2021 RM RM April 1.88 1,72 May 1.82 1.70 June 1.89 1.71 July 1.90 1.75 August 2.02 1.86 September 2.00 1.79 October 2.05 1.87 November 2.02 1.78 December 1.90 1.74 2022 January 1.78 1.55 February 1.75 1.45 March 1.53 1.51 The last transacted market price as at 14 April 2022 (being the latest practical date prior to the printing of this Statement) was RM1.58. (Source : Bloomberg) 13. Public Shareholding Spread The Proposed Share Buy-Back will be carried out in accordance with the prevailing law at the time of the purchase including compliance with 25% public shareholding spread in the hands of public shareholders as required under Paragraph 12.14 of the Listing Requirements. As at 29 March 2022, the public shareholding spread of the Company was 41.15%. In implementing the Proposed Share Buy-Back, the Company will ensure that the minimum public shareholding spread of 25% is complied with. 14. Director Statement and Recommendation After having considered all aspects of the Proposed Shares Buy-Back, your Board of Directors is of the opinion that the Proposed Shares Buy-Back is in the best interest of the Company. Accordingly, they recommend that you vote in favour of the ordinary resolution for the Proposed Shares Buy-Back to be tabled at the forthcoming 28th Annual General Meeting. 15. Responsibility Statement This Statement has been seen and approved by the Board and they collectively and individually accept full responsibility for the accuracy of the information given herein and confirm that, after making all reasonable enquiries and to the best of their knowledge and belief, there are no other facts, the omission of which would make any statement herein misleading. STATEMENT TO SHAREHOLDERS IN RELATION TO THE PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN ORDINARY SHARES CONT’D
RkJQdWJsaXNoZXIy NDgzMzc=