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VIZIONE-LA

0.090

(%)

Listing Information & Profile

Profile for Securities of PLC

VIZIONE HOLDINGS BERHAD

Instrument Category Securities of PLC
Instrument Type Loan Stocks
Description
VIZIONE HOLDINGS BERHAD ("VIZIONE" OR "COMPANY")

ADJUSTMENT TO THE CONVERSION PRICE OF THE OUTSTANDING 10-YEARS 3% IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS IN VIZIONE ("ICULS") ("ADJUSTMENT"), AS A CONSEQUENCE OF THE CONSOLIDATION OF EVERY 7 ORDINARY SHARES IN VIZIONE ("SHARES") INTO 1 SHARE ("CONSOLIDATED SHARE") AT 5.00P.M. ON 17 OCTOBER 2018 ("SHARE CONSOLIDATION") ("ENTITLEMENT DATE")
Listing Date 18 Oct 2018
Issue Date 17 Oct 2018
Issue/ Ask Price Not Applicable
Issue Size Indicator Currency
Issue Size in Currency Malaysian Ringgit (MYR)   306,820.0000
Maturity Mandatory
Maturity Date 08 Aug 2021
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee Malaysian Trustees Berhad
Coupon/Profit/Interest/Payment Rate Not Applicable
Coupon/Profit/Interest/Payment Frequency Not Applicable
Redemption Not Applicable
Exercise/Conversion Period 10.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.1900
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   1.3300
Exercise/Conversion Ratio Remarks
Revised Exercise/Conversion Ratio Remarks
Mode of satisfaction of Exercise/ Conversion price Tendering of securities
Settlement Type/ Convertible into Physical (Shares)



Remarks :
Pursuant to the Adjustment, the conversion price of the outstanding ICULS will be adjusted from RM0.19 to RM1.33 each. The Adjustment will take effect from 9.00 a.m. on 18 October 2018, being the next market day immediately after the Entitlement Date. Any fractional new Vizione Shares arising from the conversion of the ICULS shall be disregarded and will be dealt with by the Board as it may deem fit and expedient in the best interest of the Company. 

This announcement is dated 17 October 2018.


Announcement Info

Company Name VIZIONE HOLDINGS BERHAD
Stock Name VIZIONE-LA
Date Announced 17 Oct 2018
Category Listing Information and Profile
Reference Number LIP-17102018-00002