• RM576 Save up to RM288 with the Yearly Premium Plan (Limited Time Only)
  • RM480 Save up to RM240 with the Yearly Advanced Plan (Limited Time Only)
Subscribe Now
premium Subscription Plan
add free StockBiz
YouTube MS Production

Last Price Change Volume
Open: Day Range: Prev Close:


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”)
ContentsWe refer to the announcements made in relation to the above subject matter. Bursa Securities had vide its letter dated 23 July 2008 granted AIM an extension of time of six (6) months until 31 December 2008 to comply with the required public shareholding spread requirement pursuant to the MMLR.

As at 31 December 2008, the public shareholding spread of the Company stood at 37.18% held by 969 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.

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.

Pursuant to the above, the Company shall apply to Bursa Securities for an extension of time to comply with the public shareholding spread requirements in due course. AIM will make the necessary announcements in relation to the status of its efforts to comply with the required public shareholding spread for each quarter of its financial year in compliance with the MMLR.



This announcement is dated 7 January 2009.


Announcement Info

Company NameADVANCE INFORMATION MARKETING BERHAD (MESDAQ Market) 
Stock Name AIM    
Date Announced7 Jan 2009  
CategoryGeneral Announcement
Reference NoCC-090106-40109


Close
New Feature
MS Academy
AI StockMaster. Beat The Market! Checking MS Signal
DETECT REAL-TIME STOCK MOVEMENT
X
(InvestorPro Plan Only)
Complimentary access on Premium Plan*
What is AI StockMaster?
Window Alert On-Screen Alert X
X