Reference is made to the announcements by the Company on 21 April 2008, 30 June 2008, and 4 August 2008 pertaining to the above. Pursuant to Notes 3.4(a) and (b) of Practice Note 19/2006 of the Listing Requirements ("LR") of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Board of Directors of HELP wishes to announce that the public shareholding spread of HELP based on the Record of Depositors of the Company as at 30 June 2008 is as follows:- Percentage of public shareholding:- 23.93% Number of public shareholders holding not less than 100 shares each:- 829 Under Para 8.15(1) of the LR, a listed company must ensure that at least 25% of its total listed shares are in the hands of a minimum of 1,000 public shareholders holding not less than 100 shares each ("Required Public Shareholding Spread"). The Company did not comply with the Required Public Shareholding Spread. In light of the above, the Company is taking various steps to meet the Required Public Shareholding Spread. Steps proposed to be taken under the Rectification Plan of the Company as previously announced and still ongoing includes:- (i) Increasing promotional and investor relations ("IR") activities such as the following to increase the Company's publicity and awarenes amongst the media, investors and the general public:- (a) the development of IR portal on the Company's website where investors and prospective investors can acess to the Company's corporate information and financial statement in few clicks; (b) designated personnel to attend to IR as well as shareholders' enquiries; (c) continuous media publications on excellent academic achievements achieved by students of the Group to create awareness of its high academic standards and achievements; (ii) Meeting with existing and prospective institutional investors as well as brokerage houses' representative and business associates via analysts' and media briefings, investors' dialogues, press conference after general meeting and constant communication with research houses to encourage them to initiate research coverage on the Company. (iii) Management briefing to the employees of the Company with regards to the prospect of the Company to encourage them to invest in the Company; (iv) Strengthening the business performance and development of the Group to ensure the return to shareholders commensurate with their investments in HELP; (v) Continuous participation in IR activities such as CMDF-Bursa Scheme II and as a member of the Malaysian Investor Relations Association ("MIRA"). As previously announced on 4 August 2008, the Company had obtained an extension of time of six(6) months until 31 December 2008 from Bursa Securities in order for the Company to comply with the Required Public Shareholding Spread. The Board of Directors will continuously monitor and explore feasible measures to enable the Company to comply with the Required Public Shareholding Spread by 31 December 2008. This announcement is dated 25 September 2008. |