RIMBACO Restores Public Shareholding Level Through Strategic Placement

Stock News07-23

RIMBACO (01953) has taken steps to address its public float requirements, as announced by the company.

The company received notification from its controlling shareholder, Aureole, regarding a share placement transaction executed on July 23, 2026. On this date, Aureole placed 200,000 shares to a selected independent third party, representing approximately 0.02% of the total issued shares as of the announcement date. This action was specifically undertaken to restore the company's public shareholding level.

Following the completion of this placement, the total number of shares held by the public now stands at 315 million shares. This figure accounts for 25% of the total issued shares on the announcement date. Consequently, the minimum public float requirement stipulated under Listing Rule 13.32B(1) has been successfully reinstated and is now in compliance.

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