VC-WB - Notice of Book Closure

ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2019/2024 IN VORTEX CONSOLIDATED BERHAD ("VORTEX" OR "COMPANY") AS CONSTITUTED BY THE DEED POLL DATED 29 MARCH 2019 ("DEED POLL B") ("WARRANTS B") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 364,478,577 NEW ORDINARY SHARES IN VORTEX ("VORTEX SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 30 MARCH 2021 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.17 PER RIGHTS SHARE, TOGETHER WITH UP TO 291,582,861 FREE DETACHABLE WARRANTS C ("WARRANTS C") ON THE BASIS OF 4 WARRANTS C FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 29 Mar 2021
2)  The last date of lodgment : 30 Mar 2021
 

Remarks:-  The Notice of Book Closure in relation to the Rights Issue had been announced by the Company separately today. Pursuant to the Rights Issue, the exercise price and number of outstanding Warrants B (which are not exercised into new Vortex Shares prior to the Entitlement Date) shall be adjusted in accordance with the provisions of the Deed Poll B ("Adjustments").

Holders of Warrants B who wish to be entitled to the Rights Issue as the Company's shareholders shall exercise their rights to subscribe for new Vortex Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar of Vortex (at the address stated above) on or before 5.00 p.m. on Thursday, 18 March 2021 such that their names will appear on the Record of Depositors of the Company at 5.00 p.m. on the Entitlement Date.

Entitled holders of Warrants B who do not exercise their outstanding Warrants B into Vortex Share and whose names appear in the Record of Depositors of the Company for the outstanding Warrants B at 5.00 p.m. on the Entitlement Date would be entitled to the Adjustments ("Entitled Warrants B Holders").

The entitlement ratio indicated above is for illustration only based on the latest issued share capital of the Company and assuming all entitled shareholders subscribe for their respective entitlements under the Rights Issue. The actual number of additional Warrants B to be issued and the adjusted exercise price of Warrants B pursuant to the Adjustments shall be finalised at a later date prior to the listing of and quotation of the additional Warrants B on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities"). The additional Warrants B will be listed and quoted simultaneously with the Rights Shares and Warrants C on the ACE Market of Bursa Securities. A notice of allotment or an electronic notice of allotment of the additional Warrants B will be despatched or sent to the Entitled ICPS Holders. The notice setting out the details of the Adjustments will be issued and despatched to the Entitled Warrants B Holders in due course.