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Letter Subject Or Reference - Unusual Market Activity

BackOct 03, 2024
Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-03102024-00001
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description Unusual Market Activity

 

Query Letter Contents

We draw your attention to the sharp fall in price of your Company’s shares recently (“trading activity”).


In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with paragraph 9.11 of the Main Market Listing Requirements ("LR"):

1. Whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions
2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR;      
3. Whether you are aware of any other possible explanation to account for the trading activity; and       
4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations.

 

Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.

 

Yours faithfully,

Bursa Malaysia Securities Berhad

Reference is made to the letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 3 October 2024 pertaining to the sharp fall in price of Pertama Digital Berhad (“Pertama” or “Company”) recently (“trading activity”).

After having made due enquiry with the Board of Directors (“Board”), major shareholders of the Company and such other relevant persons, the Company’s reply to the query by Bursa Securities are as follows:-

1. Corporate Development:

We are not aware of any corporate development relating to our Group's business and affairs that has not been previously announced which may account for the recent trading activity, including those at the stage of negotiation or discussion. The information detailed in our press release dated 3 October 2024 was released after the recent unusual trading activity and was not previously undisclosed.

2. Rumours or Reports:

We are not aware of any rumours or reports concerning the business and affairs of the Group that may account for the trading activity, other than the information we have disclosed in our recent press release dated 3 October 2024. We are committed to complying with Paragraphs 9.09 and 9.10 of Bursa Securities Listing Requirements by providing accurate and timely information to the market.

3. Other Possible Explanations:

We are not aware of any other possible explanation to account for the trading activity.

4. Compliance with Bursa Securities LR:

We confirm that we are in compliance with the Bursa Securities Listing Requirements, particularly Paragraph 9.03 on immediate disclosure obligations. We have taken steps to ensure all material information is disclosed promptly to Bursa Malaysia and our investors.

This announcement is dated 3 October 2024.

Please refer attachment below.


Announcement Info

Company Name PERTAMA DIGITAL BERHAD
Stock Name PERTAMA
Date Announced 03 Oct 2024
Category General Announcement for PLC
Reference Number GA1-03102024-00096



Attachments

  1. Press_Release_-_Pertama_Digital_Berhad.pdf (Size: 116,419 bytes)