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Additional Listing Announcement /Subdivision of Shares

VORTEX CONSOLIDATED BERHAD

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No
Types of corporate proposal Rights Issue
Details of corporate proposal ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2019/2024 IN VORTEX CONSOLIDATED BERHAD ("VORTEX" OR "COMPANY") AS CONSTITUTED BY THE DEED POLL DATED 29 MARCH 2019 ("DEED POLL B") ("WARRANTS B") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 364,478,577 NEW ORDINARY SHARES IN VORTEX ("VORTEX SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 30 MARCH 2021 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.17 PER RIGHTS SHARE, TOGETHER WITH UP TO 291,582,861 FREE DETACHABLE WARRANTS C ("WARRANTS C") ON THE BASIS OF 4 WARRANTS C FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE") ("ADJUSTMENTS")
No. of shares issued under this corporate proposal 3,667,077
Issue price per share ($$) Malaysian Ringgit (MYR)   0.0000
Par Value($$) (if applicable)  
Latest issued share capital after the above corporate proposal in the following
Units 18,430,501
Issued Share Capital ($$) Malaysian Ringgit (MYR) 0.000
Listing Date 28 Apr 2021


Remarks :
The 3,667,077 additional Warrants B arising from the Adjustments will be listed and quoted simultaneously with the Rights Shares and Warrants C on the ACE Market of Bursa Securities on 28 April 2021.

The notice setting out the details of the Adjustments to the holders of Warrants B was despatched to entitled Warrants B holders on 26 April 2021.


Announcement Info

Company Name VORTEX CONSOLIDATED BERHAD
Stock Name VC
Date Announced 27 Apr 2021
Category Additional Listing Announcement /Subdivision of Shares
Reference Number ALA-27042021-00025




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