NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING VORTEX CONSOLIDATED BERHAD ("VORTEX" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 291,347,400 NEW ORDINARY SHARES IN VORTEX ("VORTEX SHARE(S)") ("PLACEMENT SHARE(S)"), REPRESENTING UP TO 30% OF VORTEX SHARES IN ISSUE (EXCLUDING TREASURY SHARES, IF ANY), TOGETHER WITH UP TO 145,673,700 DETACHABLE WARRANTS ("PLACEMENT WARRANT(S)") ON THE BASIS OF 1 PLACEMENT WARRANT FOR EVERY 2 PLACEMENT SHARES SUBSCRIBED FOR ("PROPOSED PRIVATE PLACEMENT OF SHARES WITH WARRANTS")
| VORTEX CONSOLIDATED BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | VORTEX CONSOLIDATED BERHAD ("VORTEX" OR "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 291,347,400 NEW ORDINARY SHARES IN VORTEX ("VORTEX SHARE(S)") ("PLACEMENT SHARE(S)"), REPRESENTING UP TO 30% OF VORTEX SHARES IN ISSUE (EXCLUDING TREASURY SHARES, IF ANY), TOGETHER WITH UP TO 145,673,700 DETACHABLE WARRANTS ("PLACEMENT WARRANT(S)") ON THE BASIS OF 1 PLACEMENT WARRANT FOR EVERY 2 PLACEMENT SHARES SUBSCRIBED FOR ("PROPOSED PRIVATE PLACEMENT OF SHARES WITH WARRANTS") |
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On behalf of the Board of Directors of Vortex (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the Proposed Private Placement of Shares with Warrants. Please refer to the attachment below for further details of the Proposed Private Placement of Shares with Warrants. This announcement is dated 6 July 2021. |
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Please refer attachment below.
Announcement Info
| Company Name | VORTEX CONSOLIDATED BERHAD |
| Stock Name | VC |
| Date Announced | 06 Jul 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06072021-00009 |