VSOLAR

0.100

(%)

VSOLAR - Notice of Rights Entitlement (Ratio)

VSOLAR GROUP BERHAD

RENOUNCEABLE RIGHTS ISSUE OF UP TO 644,632,276 NEW ORDINARY SHARES IN VSOLAR GROUP BERHAD ("VSOLAR" OR THE "COMPANY") ("VSOLAR SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 322,316,138 FREE DETACHABLE WARRANTS ("WARRANTS C") ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 2 WARRANTS C FOR EVERY 1 EXISTING VSOLAR SHARE HELD AS AT 5.00 P.M. ON THURSDAY, 7 MARCH 2024 ("RIGHTS ISSUE WITH WARRANTS")

 

Kindly be advised of the following :

 

1) The above Company’s securities will be traded and quoted “Ex-Rights Issue” as from: 06 Mar 2024
2) The last date of lodgment : 07 Mar 2024
3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-       
          a) Selling Broker to deduct <4/5>, of Selling Price against the Selling Client
          b) Buying Broker to deduct <10%>, of Purchase Price against the Buying Client
          c) Between Broker and Broker, the deduction of <4/5>, of the Transacted Price is applicable.


Remarks :

 

The Abridged Prospectus, together with the notice of provisional allotment and rights subscription forms pursuant to the Rights Issue with Warrants (collectively, the "Documents") will only be despatched to the entitled shareholders whose names appear in Company's record of depositors and who have a registered address in Malaysia or who have provided the Company's Share Registrar, Workshire Share Registration Sdn Bhd, with a registered address in Malaysia in writing ("Entitled Shareholder(s)") as at 5.00 p.m. on 7 March 2024.

 

The Documents are not intended to (and will not be made to) comply with the laws of any country or jurisdiction other than Malaysia, and are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia and no action has been or will be taken to ensure that the Rights Issue with Warrants complies with the laws of any countries or jurisdictions other than the laws of Malaysia.

 

The Documents will not be sent to the foreign Entitled Shareholder(s) and/or their renouncee(s) and/or transferee(s) (if applicable) who do not have a registered address in Malaysia. However, such foreign Entitled Shareholder(s) and/or their renouncee(s) and/or transferee(s) (if applicable) may collect the Documents from the Company's Share Registrar, Workshire Share Registration Sdn Bhd, in which event the Company's Share Registrar shall be entitled to request for such evidence as it deems necessary to satisfy itself as to the identity and authority of the person collecting the aforesaid documents.

 


Announcement Info

Company Name VSOLAR GROUP BERHAD
Stock Name VSOLAR
Date Announced 21 Feb 2024
Category Listing Circular
Reference Number ILC-21022024-00003