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VERTICE

0.265

-0.005 (-1.9%)

MULTIPLE PROPOSALS VERTICE BERHAD ("VERTICE" OR THE "COMPANY") (I) PROPOSED ISSUANCE OF RCPS; AND (II) PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

VERTICE BERHAD

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

(I)	PROPOSED ISSUANCE OF RCPS; AND
(II)	PROPOSED AMENDMENTS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of Vertice, Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake the following:-

 

(i)         proposed issuance of up to 600,000,000 new 2% cumulative redeemable convertible preference shares in Vertice (“RCPS”) at an issue price of RM0.10 each to Advance Opportunities Fund and Advance Opportunities Fund I (“Proposed Issuance of RCPS”); and

 

(ii)         proposed amendments to the Constitution of the Company to facilitate the implementation of the Proposed Issuance of RCPS (“Proposed Amendments”),

 

(collectively referred to as the “Proposals”).

 

Please refer to the attachment for further details on the above.

 

This Announcement is dated 30 September 2020.




Please refer attachment below.



Announcement Info

Company Name VERTICE BERHAD
Stock Name VERTICE
Date Announced 30 Sep 2020
Category General Announcement for PLC
Reference Number GA1-30092020-00060