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Amended Announcements Please refer to the earlier announcement reference number: LIP-13052019-00003
VORTEX CONSOLIDATED BERHAD ("VORTEX" OR "COMPANY") ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2019/2024 IN VORTEX AS CONSTITUTED BY THE DEED POLL DATED 29 MARCH 2019 ("DEED POLL B") ("WARRANTS B") PURSUANT TO THE CONSOLIDATION OF EVERY 4 EXISTING ORDINARY SHARES IN VORTEX ("VORTEX SHARE(S)") HELD AS AT 5.00 P.M. ON 3 FEBRUARY 2021 ("ENTITLEMENT DATE") INTO 1 VORTEX SHARE ("SHARE CONSOLIDATION")
Pursuant to the adjustments to the exercise price and number of outstanding Warrants B arising from the Share Consolidation ("Adjustments"), (i) the existing number of 59,053,778 Warrants B as at the Entitlement Date will be adjusted into 14,763,424 Warrants B (after disregarding the fractional entitlements arising from the Adjustments), which will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 4 February 2021, being the next market day following the Entitlement Date; and (ii) the exercise price of Warrant B of RM0.15 each will be revised to RM0.60 each. Further, in accordance with the provisions of the Deed Poll B, the Adjustments will take effect from 4 February 2021, being the next market day following the Entitlement Date. The notice setting out the details of the Adjustments to the holders of Warrants B will be issued and despatched to entitled Warrants B holders in due course. This announcement is dated 3 February 2021.