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Advance Information Marketing Berhad (“AIM” or the “Company”) - Public shareholding spread pursuant to Rule 8.15(1) of the Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) for the MESDAQ Market (“MMLR”) (“Public Shareholdings Spread”)

ADVANCE INFORMATION MARKETING BERHAD

TypeAnnouncement
SubjectAdvance Information Marketing Berhad (“AIM” or the “Company”)
- Public shareholding spread pursuant to Rule 8.15(1) of the Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) for the MESDAQ Market (“MMLR”) (“Public Shareholdings Spread”)
ContentsPursuant to Rule 8.15(1) of the MMLR, the Directors of AIM wishes to announce that the public shareholding spread of the Company for the third quarter ended 30 September 2008 stood at 37.13% held by 957 public shareholders holding not less than 100 shares each. Hence, the Company has complied with the minimum public spread of 25%, but did not meet the minimum number of public shareholders of 1,000.

The Company had on 23 July 2008 announced that Bursa Securities had, vide its letter dated 10 July 2008 granted an extension of time for a period of six (6) months until 31 December 2008 (“Extension Period”) to comply with the public shareholding spread requirement pursuant to the MMLR.

In order to meet the public shareholding spread requirement, the Company has taken the following steps and implemented the following proposals since 25 January 2008:-

(a) On 7 April 2008, the Board had granted 1,550,000 ESOS options to eligible employees where 974,000 new ordinary shares were exercised and listed on 12 June 2008;

(b) On 29 May 2008, AIM had applied to Bursa Securities for the Investor Relations Incentive Programme. AIM had obtained the approval from Bursa Securities on 7 July 2008; and

(c) On 8 August 2008, the Board had issued and allotted 31,194,800 new ordinary shares of RM0.10 each in AIM and credited as fully paid up bonus shares to the shareholders of the Company pursuant to the authority given by the Company for the bonus issue passed at the Extraordinary General Meeting of AIM held on 16 June 2008.

This announcement is dated 26 November 2008.


Announcement Info

Company NameADVANCE INFORMATION MARKETING BERHAD (MESDAQ Market) 
Stock Name AIM    
Date Announced26 Nov 2008  
CategoryGeneral Announcement
Reference NoCC-081112-62618


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