NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING VORTEX CONSOLIDATED BERHAD ("VORTEX" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN VORTEX ("VORTEX SHARE(S)"), REPRESENTING NOT MORE THAN 10% OF THE NUMBER OF VORTEX SHARES IN ISSUE (EXCLUDING ANY TREASURY SHARES) ("PROPOSED PRIVATE PLACEMENT")
| VORTEX CONSOLIDATED BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | VORTEX CONSOLIDATED BERHAD ("VORTEX" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN VORTEX ("VORTEX SHARE(S)"), REPRESENTING NOT MORE THAN 10% OF THE NUMBER OF VORTEX SHARES IN ISSUE (EXCLUDING ANY TREASURY SHARES) ("PROPOSED PRIVATE PLACEMENT") |
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We refer to the announcements dated 15 May 2020, 18 May 2020, 15 June 2020 and 16 June 2020 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein. On behalf of Vortex, TA Securities wishes to announce that the Board has on 14 September 2020 (“Price-fixing Date”) fixed the issue price for 109,066,400 Placement Shares at RM0.0730 per Placement Share (“Issue Price”). As such, the Issue Price represents a discount of approximately RM0.0079 or 9.77% to the 5-day volume weighted average market price of Vortex Share up to and including 11 September 2020, being the last market day immediately preceding the Price-fixing Date of RM0.0809 per Vortex Share. This announcement is dated 14 September 2020. |
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Announcement Info
| Company Name | VORTEX CONSOLIDATED BERHAD |
| Stock Name | VC |
| Date Announced | 14 Sep 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-14092020-00014 |