VSOLAR
Share Consolidation
| VSOLAR GROUP BERHAD |
| Entitlement subject | Share Consolidation |
| Entitlement description | CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN VSOLAR GROUP BERHAD ("VSOLAR" OR "COMPANY")(" SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 23 MAY 2023 INTO 1 SHARE ("CONSOLIDATED SHARE")("SHARE CONSOLIDATION") |
| Ex-Date | 22 May 2023 |
| Entitlement date | 23 May 2023 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Jun 2023 |
| 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 | 23 May 2023 |
| 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) | Malaysian Ringgit (MYR) 0.0000 |
Entitlement Details
| Company Name | Ratio (New : Existing) |
Available/Listing Date | Fractional Entitlement |
| VSOLAR GROUP BERHAD | 1.0000 : 30.0000 | 24 May 2023 | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
WORKSHIRE SHARE REGISTRATION SDN BHD A3-3-8, Solaris Dutamas No. 1, Jalan Dutamas 1 50480 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0364133271 Fax:0364133270 |
| Remarks : |
The Share Consolidation involves the consolidation of every 30 existing Shares held as at 5.00 p.m. on 23 May 2023, being the entitlement date for the Share Consolidation, into 1 Consolidated Share.
The actual number of Consolidated Shares will be determined based on the total number of issued shares of the Company on the entitlement date for the Share Consolidation.
Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and dealt with by the Board of Directors 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 ("Bursa Securities") on 24 May 2023, being the next market day following the entitlement date for the Share Consolidation.
The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders of the Company within 4 market days after the date of listing and quotation of the Consolidated Shares on the ACE Market of Bursa Securities.
The Share Consolidation will result in a reduction in the number of Shares available in the market and the trading price of the Shares will be adjusted accordingly in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of the Shares held.
This announcement is dated 9 May 2023. |
Announcement Info
| Company Name | VSOLAR GROUP BERHAD |
| Stock Name | VSOLAR |
| Date Announced | 09 May 2023 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-08052023-00001 |
| Corporate Action ID | MY230508SPLR0001 |