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


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