PUBLIC SHAREHOLDINGS SPREAD

ENCORP BERHAD

Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description
- Public Shareholding Spread Requirement Pursuant To Paragraph 8.02(1) Of The Main Market Listing Requirements Of Bursa Malaysia Securities Berhad ("Bursa Securities")

We refer to our announcements dated 11.7.2014, 18.8.2014, 25.8.2014, 26.11.2014, 20.1.2015, 24.2.2015, 27.5.2015, 15.7.2015, 27.8.2015, 26.11.2015, 22.12.2015, 29.2.2016, 11.5.2016,18.8.2016, 23.8.2016, 21.11.2016, 23.2.2017, 20.4.2017, 29.5.2017, 25.8.2017, 29.9.2017, 23.11.2017, 23.2.2018, 27.4.2018, 25.5.2018, 29.8.2018, 30.10.2018, 28.11.2018 and 26.2.2019.

The Board of Directors of Encorp wishes to announce that the Company has received a letter from Bursa Securities dated 21 May 2019, granting its approval for a further extension of time of six (6) months until 9 October 2019 for the Company to comply with the public shareholding spread requirement.

Based on the Record of Depositors as at 21 May 2019, the public shareholding spread is 22.5%, which is still below the minimum public shareholding spread requirement.

The Company is considering various options to address the shortfall in the public shareholding spread which may include, inter-alia, a private placement of new Encorp shares by Encorp and/or secondary placement of existing Encorp shares by certain shareholders of Encorp.

The Company will continue to monitor the level of public shareholding spread and make the necessary announcements in relation to the status of its efforts to comply with the public shareholding spread requirement in accordance with the Bursa Securities Listing Requirements.

This announcement is dated 23 May 2019.






Announcement Info

Company Name ENCORP BERHAD
Stock Name ENCORP
Date Announced 23 May 2019
Category General Announcement for PLC
Reference Number GA1-15042019-00104