CONTEL (01912): Public float remains below the minimum public float requirement

CONTEL (01912) has announced that, as at the date of this announcement, a total of 109 million shares (representing approximately 23.66% of the company's total issued share capital as at the date of this announcement) are held by the public. Accordingly, the company's public float remains below the minimum public float requirement of 25% as set out in Rule 13.32B of the Listing Rules. Since the date of the closing announcement, the offeror has not sold any shares, but has been actively monitoring the trading patterns and market prices of the shares to determine an appropriate disposal strategy. The offeror will continue to take the actions disclosed in the waiver announcement to restore the company's public float, namely seeking to dispose of shares through the open market and, if necessary, through a placing agent. Currently, the company expects to restore its public float and regain compliance with Rule 13.32B of the Listing Rules by November 6, 2026.