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

VIZIONE HOLDINGS BERHAD

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

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

We refer to the announcements dated 14 July 2021, 30 July 2021, 30 September 2021, 7 October 2021, 22 October 2021 and 27 December 2021 in relation to, among others, the Rights Issue of Shares with Warrants (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On 27 December 2021, TA Securities had, on behalf of the Board submitted to Bursa Securities a supplemental listing application to address the shortfalls in the number Adjustment Warrants C, Adjustment Warrants D and new Shares to be issued arising from the Adjustments.

 

Subsequently, Vizione issued a Notice of Expiry of Warrants C dated 4 January 2022 stating, among others, the Warrants C will expire on 4 February 2022. Following thereto, the supplemental listing application to address the shortfalls in the number of Adjustment Warrants C and the new Shares to be issued arising from the Adjustment Warrants C pursuant to the Rights Issue of Shares with Warrants, will no longer be applicable.

 

There will not be any adjustments to the Warrants C as the Warrants C are expiring on 4 February 2022. The number of Adjustment Warrants C will only be determined when the number of Rights Shares subscribed have been determined, which will be after the closing date of the Rights Issue of Shares with Warrants. The said closing date is to be announced at a later date.

 

In this regard and on behalf of the Board, TA Securities wishes to announce that a new additional listing application has been submitted to Bursa Securities for the following:

 

  1. Listing of and quotation for the shortfall/ increase of up to 108,995,083 additional Warrants D to be issued resulting from the Adjustments to Warrants D arising from the Rights Issue of Shares with Warrants (“Additional Adjustment Warrants D”); and
  2. Listing of and quotation for the shortfall/ increase of up to 108,995,083 new Shares to be issued pursuant to the exercise of the Additional Adjustment Warrants D,

 

on the Main Market of Bursa Securities.

 

 

This announcement is dated 10 January 2022.






Announcement Info

Company Name VIZIONE HOLDINGS BERHAD
Stock Name VIZIONE
Date Announced 10 Jan 2022
Category General Announcement for PLC
Reference Number GA1-07012022-00047




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