With reference to the above, AmBank is pleased to announce the proposed issue by AmBank of up to 50,000,000 European style non-collateralised cash-settled call warrants over ordinary shares of VS, to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.         

VS-C16 is constituted by the Deed Poll dated 29 June 2018 executed by us, as supplemented from time to time. The VS-C16 is subject to the terms and conditions of the Base Prospectus dated 6 July 2018, the First Supplementary Base Prospectus dated 28 August 2018, the Second Supplementary Base Prospectus dated 28 February 2019 and the Term Sheet for the VS-C16 dated 11 April 2019.

A summary of the principal terms of the VS-C16 is set out in Table 1.

This announcement is dated 11 April 2019.