PUBLIC SHAREHOLDINGS SPREAD
| EUROSPAN HOLDINGS BERHAD |
| Type | Announcement |
| Subject | PUBLIC SHAREHOLDINGS SPREAD |
| Description | Eurospan Holdings Berhad ("Eurospan" or Company")
Non-Compliance with Public Shareholding Spread pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements ("Listing Requirements") |
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(Unless otherwise defined, abbreviations and definitions used in this announcement shall have the same meanings as those defined in the Company’s announcement in relation to the Offer dated 20 August 2025 and 22 August 2025 (“Earlier Announcements”), the offer document in relation to the Offer dated 10 September 2025 (“Offer Document”) and the independent advice circular in relation to the Offer dated 22 September 2025 (“IAC”))
We refer to the Earlier Announcements, the Offer Document and the IAC.
In this respect, the Board wishes to announce that the Company has on today received notices pursuant to Section 138 of the Companies Act 2016 from the Offeror and Ultimate Offeror (“Notices”), stating that the Offeror had acquired 3,179,600 EHB’s shares through valid acceptance in relation to the Offer as at 25 September 2025. Pursuant thereto, the Offeror’s total shareholdings stands at 36,114,200 shares representing 81.30% of EHB's total issued shares.
Pursuant to Paragraph 8.02(1) of the Listing Requirements, a listed issuer must ensure that at least 25% of its total listed shares (excluding treasury shares) or listed units are in the hands of public security holders (“Public Spread Requirement”). Based on the Notices dated 26 September 2025, the public shareholding spread of the Company is 18.70%. Accordingly, the Company does not comply with the Public Spread Requirement.
Under Section 4.1 of the Offer Document, the Offeror and the Ultimate Offeror have stated that they intend to maintain the listing status of EHB on the Main Market of Bursa Securities. Accordingly, EHB, the Offeror and the Ultimate Offeror will explore options or proposals within the timeframe as allowed by the relevant authorities, to enable compliance by EHB with the Public Spread Requirement.
The Company will hold discussion with EC Synergy (M) Sdn Bhd, its majority shareholder on the possible options to comply with the Public Spread Requirement.
The Company will make the necessary announcements in relation to the status of its effort to comply with the Public Spread Requirement.
This announcement is dated 29 September 2025. |
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Announcement Info
| Company Name | EUROSPAN HOLDINGS BERHAD |
| Stock Name | EUROSP |
| Date Announced | 29 Sep 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-29092025-00059 |