VIZIONE

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MULTIPLE PROPOSALS VIZIONE HOLDINGS BERHAD (''VIZIONE'' OR THE ''COMPANY'') MULTIPLE PROPOSALS (I) PROPOSED PRIVATE PLACEMENT; AND (II) PROPOSED BONUS ISSUE OF WARRANTS (COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")

VIZIONE HOLDINGS BERHAD

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

MULTIPLE PROPOSALS

(I)	PROPOSED PRIVATE PLACEMENT; AND 

(II)	PROPOSED BONUS ISSUE OF WARRANTS 

(COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 24 April 2020 in relation to the Proposals, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the announcements dated 24 April 2020 and 15 May 2020 in relation to the Proposals.

 

On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 27 May 2020, approved the following:-

 

(i)         listing and quotation for up to 185,038,000 new ordinary shares to be issued pursuant to the Proposed Private Placement;

 

(ii)         admission to the Official List and listing and quotation for up to 374,704,174 Warrants D to be issed pursuant to the Proposed Bonus Issue of Warrants; and

 

(iii)        listing and quotation for up to 374,704,174 new ordinary shares to be issued arising from the exercise of the Warrants D.

 

The approval by Bursa Securities for the above is subject to the following conditions:-

 

(a)        Vizione and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposals;

 

(b)        Vizione and Mercury Securities to inform Bursa Securities upon the completion of the Proposals;

 

(c)        Vizione and Mercury Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed;

 

(d)        Vizione / Mercury Securities to furnish Bursa Securities with a certified true copy of the resolution passed by shareholders at the extraordinary general meeting for the Proposed Private Placement, prior to the listing and quotation of the ordinary shares.

 

(e)        Vizione / Mercury Securities to furnish Bursa Securities with the placee’s details in accordance with Paragraph 6.15 of the Listing Requirements as soon as practicable after each tranche of placement and before the listing of the ordinary shares;

 

(f)         If applicable, payment of additional listing fee based on the final issue price for the Proposed Private Placement together with a copy of the details of the computation of the amount of listing fees payable;

 

(g)        Vizione to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants D as at the end of each quarter together with a detail computation of listing fees payable; and

 

(h)        to incorporate Bursa Securities’ comments in respect of the draft circular to shareholders.

 

This announcement is dated 27 May 2020.






Announcement Info

Company Name VIZIONE HOLDINGS BERHAD
Stock Name VIZIONE
Date Announced 27 May 2020
Category General Announcement for PLC
Reference Number GA1-27052020-00155