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MULTIPLE PROPOSALS VIZIONE HOLDINGS BERHAD ("VIZIONE" OR "COMPANY") (I) PROPOSED VARIATION; (II) PROPOSED DIVERSIFICATION; AND (III) PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

VIZIONE HOLDINGS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
VIZIONE HOLDINGS BERHAD ("VIZIONE" OR "COMPANY")

(I)	PROPOSED VARIATION; 
(II)	PROPOSED DIVERSIFICATION; AND  
(III)	PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
We refer to the announcements dated 14 July 2021 and 30 July 2021 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 29 September 2021, resolved to approve the following:

(i) Admission to the Official List of Bursa Securities and the listing of up to 684,566,389 Warrants E to be issued pursuant to the Proposed Rights Issue of Shares with Warrants;

(ii) Listing and quotation of up to 1,369,132,778 new Vizione Shares to be issued pursuant to the Proposed Rights Issue of Shares with Warrants;

(iii) Listing and quotation of up to 684,566,389 new Vizione Shares to be issued pursuant to the exercise of Warrants E;

(iv) Listing and quotation of up to 10,680,391 additional Warrants C to be issued arising from adjustments pursuant to the Proposed Rights Issue of Shares with Warrants;

(v) Listing and quotation of up to 10,680,391 new Vizione Shares to be issued pursuant to the exercise of additional Warrants C;

(vi) Listing and quotation of up to 77,649,610 additional Warrants D to be issued arising from adjustments pursuant to the Proposed Rights Issue of Shares with Warrants; and

(vii) Listing and quotation of up to 77,649,610 new Vizione Shares to be issued pursuant to the exercise of additional Warrants D.

The approval granted by Bursa Securities is subject to the following conditions:

(i) Vizione and TA Securities must fully comply with the relevant provisions under the Main Market Listing Requirements ("LR") pertaining to the implementation of the Proposed Rights Issue of Shares with Warrants;

(ii) Vizione and TA Securities to inform Bursa Securities upon the completion of the Proposed Rights Issue of Shares with Warrants;

(iii) TA Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Rights Issue of Shares with Warrants is completed;

(iv) TA Securities to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders approving the Proposed Rights Issue of Shares with Warrants;

(v) Vizione to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants E as at the end of each quarter together with a detailed computation of listing fees payable; and

(vi) Vizione is required to incorporate the comments made in the draft circular to shareholders in relation to the Proposals.

This announcement is dated 30 September 2021.
 
 





Announcement Info

Company Name VIZIONE HOLDINGS BERHAD
Stock Name VIZIONE
Date Announced 30 Sep 2021
Category General Announcement for PLC
Reference Number GA1-30092021-00095




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