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INTERRA ACQ-Z: Public Holding Falls to ~11%, Suspended from November 1

Market IntelThursday, Oct 31, 2024 9:00 pm ET

1min read

INTERRA ACQ-Z (07801) announced that the share redemption has been completed on October 8, 2024 as previously disclosed. The total number of issued shares of the Company has decreased from 125 million shares to 35.985 million shares after the share redemption, resulting in an increase in the percentage of shares held by the remaining shareholders.

The Company notes that the list of major shareholders of the Company as defined in the Listing Rules has changed, based on the information disclosed in the register of interests filed under Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) as at the date of this announcement. Therefore, the Company is aware that its public shareholding has decreased to approximately 11.00%, which is below the 25% of the issued shares as required by Listing Rule 18B.05 and 8.08(1)(a).

As the percentage of public shareholding has decreased to below 15% after the share redemption, the Company's shares and listed warrants will be suspended from trading on the Main Board of the Stock Exchange at 9:00 a.m. on November 1, 2024 at the request of the Company.

As the public shareholding is solely due to the share redemption, the Company has applied to the Stock Exchange for exemption from strict compliance with Listing Rule 18B.05 and 8.08(1)(a).

The Company will take appropriate measures to comply with the relevant provisions of the Listing Rules and will issue a separate announcement in due course.

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