VC

Rights Issue

VORTEX CONSOLIDATED BERHAD

Entitlement subject Rights Issue
Type Renounceable
Entitlement description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 364,478,577 NEW ORDINARY SHARES IN VORTEX CONSOLIDATED BERHAD ("VORTEX" OR "COMPANY") ("VORTEX SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 30 MARCH 2021 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.17 PER RIGHTS SHARE, TOGETHER WITH UP TO 291,582,861 FREE DETACHABLE WARRANTS C ("WARRANTS C") ON THE BASIS OF 4 WARRANTS C FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")
Ex-Date 29 Mar 2021
Entitlement date 30 Mar 2021
Entitlement time 05:00 PM
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 30 Mar 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)
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.1700
Par Value (if applicable)
Entitlement indicator Ratio
Entitlement Details
Company Name
VORTEX CONSOLIDATED BERHAD
Entitlement Ordinary Rights
Ratio (New:Existing) 1.0000  : 1.0000
Rights Crediting Date 30 Mar 2021
Fractional Entitlement 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 abridged prospectus, together with the rights subscription form and the notice of provisional allotment relating to the Rights Issue (collectively referred to as "Documents") will only be despatched to the shareholders of the Company who have registered addresses in Malaysia and whose names appear in the Company's Record of Depositors as at the Entitlement Date ("Entitled Shareholders"). Entitled Shareholders who do not have a registered address in Malaysia and wish to provide their Malaysian address, should inform their respective stockbrokers or Tricor Investor & Issuing House Services Sdn Bhd to effect the change of address by the Entitlement Date. 

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

The Documents will be despatched to the Entitled Shareholders no later than 2 market days after the Entitlement Date.

Holders of irredeemable convertible preference shares in the Company and/or warrants 2019/2024 in the Company who wish to be entitled to the Rights Issue as the Company's shareholders shall exercise their rights to subscribe for new Vortex Shares by lodging their duly completed conversion/exercise forms together with the relevant subscription monies with the Share Registrar of Vortex (at the address stated above) on or before 5.00 p.m. on Thursday, 18 March 2021 such that their names will appear on the Record of Depositors of the Company at 5.00 p.m. on the Entitlement Date.

This announcement is dated 16 March 2021.


Announcement Info

Company Name VORTEX CONSOLIDATED BERHAD
Stock Name VC
Date Announced 16 Mar 2021
Category Entitlement(Notice of Book Closure)
Reference Number ENT-16032021-00002
Corporate Action ID MY210316RHDI0001


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