HM
Share Consolidation
VORTEX CONSOLIDATED BERHAD |
Entitlement subject | Share Consolidation |
Entitlement description | CONSOLIDATION OF EVERY 4 EXISTING ORDINARY SHARES IN VORTEX CONSOLIDATED BERHAD ("COMPANY") ("VORTEX SHARE(S)") HELD AS AT 5.00 P.M. ON 3 FEBRUARY 2021 ("ENTITLEMENT DATE") INTO 1 VORTEX SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION") |
Ex-Date | 02 Feb 2021 |
Entitlement date | 03 Feb 2021 |
Entitlement time | 5:00 PM |
Financial Year End | 31 Mar 2021 |
Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 03 Feb 2021 |
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | |
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | |
Number of new
shares/securities issued (units) (If applicable) |
|
Entitlement indicator | Ratio |
Par Value (if applicable) |
Entitlement Details
Company Name | Ratio (New : Existing) |
Available/Listing Date | Fractional Entitlement |
VORTEX CONSOLIDATED BERHAD | 1.0000 : 4.0000 | 04 Feb 2021 | Round Down / Fraction Disregard |
Registrar or Service Provider name, address, telephone no |
TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:03-2783 9299 Fax:03-2783 9222 |
Remarks : |
The Share Consolidation entails the consolidation of 4 Vortex Shares held on the Entitlement Date into 1 Consolidated Share. The actual number of Consolidated Shares would depend on the number of issued share capital of the Company on the Entitlement Date. Fractional entitlement for the Consolidated Shares, if any, shall be disregarded and dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company. The Consolidated Shares will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 4 February 2021 ("Listing Date"), being the next market day following the Entitlement Date. The notice of allotment of the Consolidated Shares will be issued and despatched to the Company's shareholders at the addresses set out in the Record of Depositors of the Company as at the Entitlement Date within 4 market days after the Listing Date. The Share Consolidation will result in a reduction in the number of Vortex Shares available in the market and the trading price of Vortex Shares will be adjusted accordingly in proportion to the basis of the Share Consolidation. This announcement is dated 18 January 2021. |
Announcement Info
Company Name | VORTEX CONSOLIDATED BERHAD |
Stock Name | VC |
Date Announced | 18 Jan 2021 |
Category | Entitlement(Notice of Book Closure) |
Reference Number | ENT-18012021-00005 |
Corporate Action ID | MY210118SPLR0001 |