YOKO - PUBLIC SHAREHOLDINGS SPREAD
| Company Name | YOKOHAMA INDUSTRIES BERHAD |
| Stock Name | YOKO |
| Date Announced | 23 Mar 2015 |
| Category | General Announcement |
| Reference No | CC-150323-4E087 |
| Type | Announcement |
| Subject | PUBLIC SHAREHOLDINGS SPREAD |
| Description | YOKOHAMA INDUSTRIES BERHAD (“YOKOHAMA” OR “THE COMPANY”) NON-COMPLIANCE WITH PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO PARAGRAPH 8.02(1) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) (“LISTING REQUIREMENTS”) |
We have received the press release from Mercury Securities Sdn Bhd, on behalf of Fordington Pte Ltd (“Offeror”) today that the total ordinary shares of RM0.50 each in Yokohama (“Yokohama Shares”) held by the Offeror and persons acting in concert with it as at 20 March 2015 is 70,881,456 Yokohama Shares representing approximately 83.10% of Yokohama’s issued and paid-up share capital (excluding 1,828,300 treasury shares held by Yokohama). Accordingly, the public shareholding spread of Yokohama is 16.90% as at 20 March 2015. The above percentage represents a shortfall of 8.10% from the minimum required percentage of 25% of the total listed shares (excluding treasury shares) to be in the hands of public shareholders. Pursuant thereto, the Board of Directors of Yokohama (“Board”) wishes to announce that Yokohama is not in compliance with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Listing Requirements. Hence, Yokohama will apply to Bursa Securities for an extension of time of six (6) months from 23 March 2015 up to 22 September 2015 pending the completion and outcome of the unconditional take-over on Yokohama. This announcement is dated 23 March 2015. | |
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