HM-WB

0.005

(%)

Listing Information & Profile

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: LIP-02022021-00004

VORTEX CONSOLIDATED BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
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 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")

1st Further Issue Information

Listing Date 04 Feb 2021
Issue Date 03 Feb 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 0
Enlarge Issue Size in Unit 14,763,424

2nd Further Issue Information

Listing Date 28 Apr 2021
Issue Date 20 Apr 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 3,667,077
Enlarge Issue Size in Unit 18,430,501

Initial Listing Information

Listing Date 15 May 2019
Issue Date 07 May 2019
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 60,988,578
Maturity Mandatory
Maturity Date 06 May 2024
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee Not Applicable
Coupon/Profit/Interest/Payment Rate Not Applicable
Coupon/Profit/Interest/Payment Frequency Not Applicable
Redemption Not Applicable
Exercise/Conversion Period 5.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.6000
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.4500
Exercise/Conversion Ratio 1:1
Revised Exercise/Conversion Ratio Not Applicable
Mode of satisfaction of Exercise/ Conversion price Cash
Settlement Type/ Convertible into Physical (Shares)



Remarks :
Pursuant to the adjustments to the exercise price and number of outstanding Warrants B arising from the Rights Issue ("Adjustments"),

(i)	the existing number of 14,763,424 Warrants B as at the Entitlement Date will be adjusted into 18,430,501 Warrants B (after disregarding the fractional entitlements arising from the Adjustments), whereby the additional 3,667,077 Warrants B will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 28 April 2021; and

(ii)	the exercise price of Warrant B of RM0.60 each will be revised to RM0.45 each.

The additional Warrants B arising from the Adjustments were issued based on the entitlement ratio of 0.2484 : 1.0000 (additional Warrants B : existing number of outstanding Warrants B as at the Entitlement Date).

The notice setting out the details of the Adjustments to the holders of Warrants B was despatched to entitled Warrants B holders on 26 April 2021.

This announcement is dated 27 April 2021.


Announcement Info

Company Name VORTEX CONSOLIDATED BERHAD
Stock Name VC-WB
Date Announced 27 Apr 2021
Category Listing Information and Profile
Reference Number LIP-27042021-00011