On 12 January 2007, MEASAT Global Berhad (“MEASAT Global” or “the Company”) announced that its public shareholding spread as at 31 December 2006 stood at 21.7% representing a shortfall of 3.3% (“Impairment”) from the minimum public shareholding spread of 25% required pursuant to Paragraph 8.15(1) of the Listing Requirements (“LR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Required Public Shareholding Spread”).
Pursuant to Paragraph 3.4 of PN19/2006 of the LR, the Company also made quarterly status announcements on 16 February 2007 and 30 May 2007 respectively together with the release of the Company’s results for the 4th quarter of its financial year ended 31 December 2006 and the 1st quarter of its financial year ending 31 December 2007.
In compliance with Bursa Securities’ letter dated 7 February 2007 on disclosure of Half Yearly Public Spread, MEASAT Global wishes to announce that as at 30 June 2007 there was a shortfall of 3.46% in the level of public shareholding spread of the Company as follows:
Percentage of public shareholding : 21.54%
Number of public shareholders holding not less than 100 shares each : 6,544
The automatic extension of 6 months to which the Company is entitled to address the Impairment which commenced on 12 January 2007 expired on 11 July 2007. As at 11 July 2007, the level of public shareholding spread of the Company was as follows and remains impaired.
Percentage of public shareholding : 21.50%
Number of public shareholders holding not less than 100 shares each : 6,591
The Company’s public shareholding spread remains impaired to the extent of Employees Provident Fund Board’s ("EPF") direct interest of 3.50% being excluded as “public” shares pursuant to Paragraph 1.01 of the LR. EPF has a total interest of 18.94% in MEASAT Global arising from its direct interest of 3.55% and a deemed interest of 15.39%, which arises by virtue of it being a shareholder of Telekom Malaysia Berhad ("TM"). TM which is a substantial shareholder of MEASAT Global has a 15.39% of shareholding interest.
MEASAT Global has applied to Bursa Securities to consider the Company’s proposal in relation to compliance with the Required Public Shareholding Spread and to grant an extension of time to rectify the current impairment.
This Announcement is dated 13 July 2007.
