Contact us
VIZIONE HOLDINGS BERHAD ("VIZIONE" OR THE "COMPANY") ISSUANCE OF FREE DETACHABLE WARRANTS E IN VIZIONE TO THE ENTITLED SHAREHOLDERS OF VIZIONE PURSUANT TO RENOUNCEABLE RIGHTS ISSUE OF 1,022,900,003 NEW ORDINARY SHARES IN VIZIONE ("VIZIONE SHARES" OR "SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 4 FEBRUARY 2022 ("ENTITLEMENT DATE"), AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE TOGETHER WITH 511,449,980 FREE DETACHABLE WARRANTS ("WARRANTS" OR "WARRANTS E") ON THE BASIS OF 1 WARRANT E FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE OF SHARES WITH WARRANTS")
Each Warrant E carries the entitlement to subscribe for 1 new Vizione 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 14 January 2022 constituting the Warrants E. Any Warrants E not exercised during the Exercise Period will thereafter lapse and cease to be valid. If the maturity date of the Warrants E falls on a non-market day, then it will fall on the preceding market day. This announcement is dated 4 March 2022.