The Board of Directors of UEM Sunrise wishes to announce that based on the Record of Depositors as at 3 November 2020, the Company’s public shareholding spread of 24.12%, is below the 25% minimum public shareholding spread requirement stipulated under Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities.

The lower public shareholding spread was due to the maturity and conversion of 669,175,335 redeemable convertible preference shares (“RCPS”) held by UEM Group Berhad, the immediate holding company of UEM Sunrise.  The RCPS was automatically converted into 521,040,184 new ordinary shares in UEM Sunrise, details as per the Company’s announcements dated 27 October 2020 and 2 November 2020.

UEM Sunrise will be applying to Bursa Securities to seek approval for a lower level of public shareholding spread and/or for an extension of time to address the shortfall in the public shareholding spread.

As at the date of this announcement, UEM Sunrise has yet to formulate any rectification plan to address the shortfall in the public shareholding spread requirement.  The Company will make the necessary announcements in relation to its public shareholding spread in accordance with the requirements of Bursa Securities.

This announcement is dated 4 November 2020.