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Public Shareholdings Spread

BackMay 21, 2020
Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description Compliance with Public Spread Requirement

Reference is made to the announcements pertaining to public shareholding spread of the Company dated 27 February 2017, 17 March 2017, 29 June 2017, 13 July 2017, 30 August 2017, 29 November 2017, 15 January 2018, 28 February 2018, 31 May 2018, 14 August 2018, 30 August 2018, 30 November 2018, 28 February 2019, 31 May 2019, 30 August 2019, 31 October 2019, 29 November 2019 and 28 February 2020, as well as announcements in relation to the Proposed Shares Acquisition, dated 23 April 2020, 28 April 2020, 5 May 2020, 8 May 2020, 14 May 2020 and 21 May 2020. Unless stated otherwise, abbreviations and definitions used throughout this announcement shall be the same as those in the previous announcements made in relation to the Public Shareholding Spread of the Company as well as the Proposed Shares Acquisition.

 

We are pleased to announce that the Company has complied to the public shareholding spread pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities (“Public Spread Requirement”) upon the allotment of 38,461,538 Consideration Shares to the Vendor and the Investors on 20 May 2020. The Consideration Shares will be listed and quoted on the Main Market of Bursa Securities with effect from 9.00 a.m. on 22 May 2020.

 

Based on the Record of Depositors as at 20 May 2020, the public shareholding spread of the Company after taking into account of the Consideration Shares allotted to the Vendor and Investors, is 27.72%, which is in compliance with the Public Spread Requirement.

 

This announcement is dated 21 May 2020.


Announcement Info

Company Name SINOTOP HOLDINGS BERHAD
Stock Name SINOTOP
Date Announced 21 May 2020
Category General Announcement for PLC
Reference Number GA1-21052020-00110