We refer to the announcement dated 14 November 2017 in relation to the Company’s non-compliance with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements (“PSSR”) of Bursa Securities (“Announcement”).

Unless otherwise defined herein, the abbreviations used in this announcement are the same as those previously defined in the Announcement.

The Company had on 28 November 2017, 13 December 2017 and 18 December 2017, submitted applications to seek the approval of Bursa Securities for an extension of time of six (6) months from 24 October 2017 until 23 April 2018 to meet the PSSR.

The Board of Directors of Tropicana wishes to announce that Bursa Securities, vide its letter dated 3 January 2018, granted the Company an extension of time of three (3) months until 23 April 2018 (“Extension Period”) to comply with the PSSR.  

As at 31 December 2017, being the latest practicable date prior to the date of this announcement, Tropicana’s public shareholding spread is 24.96%.

As at the date of this announcement, the Company has yet to formulate any rectification plan to address the shortfall in the PSSR. The Company will make the necessary announcements in relation to the status of its effort to comply with the PSSR.

This announcement is dated 4 January 2018.