HM-WC

0.030

(%)

Listing Information & Profile

Profile for Securities of PLC

VORTEX CONSOLIDATED BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
VORTEX CONSOLIDATED BERHAD ("VORTEX" OR "COMPANY") 

ISSUANCE OF FREE DETACHABLE WARRANTS C IN VORTEX ("WARRANT(S) C") TO THE ENTITLED SHAREHOLDERS OF VORTEX PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 364,478,577 NEW ORDINARY SHARES IN VORTEX ("VORTEX SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING VORTEX 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")
Listing Date 28 Apr 2021
Issue Date 20 Apr 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 266,121,872
Maturity Mandatory
Maturity Date 19 Apr 2026
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)   0.1700
Revised Exercise/Strike/Conversion Price Not Applicable
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 :
Each Warrant C carries the entitlement to subscribe for 1 new Vortex Share at the exercise price (as set out above) and at any time during the exercise period (as set out above) ("Exercise Period") subject to the adjustments in accordance with the provisions of the deed poll dated 16 March 2021 constituting the Warrants C. Any Warrants C not exercised during the Exercise Period will thereafter lapse and cease to be valid.

If the expiry date of Warrants C does not fall on a market day, the expiry date of Warrants C will be the next preceding market day.

This announcement is dated 27 April 2021.


Announcement Info

Company Name VORTEX CONSOLIDATED BERHAD
Stock Name VC-WC
Date Announced 27 Apr 2021
Category Listing Information and Profile
Reference Number LIP-27042021-00009