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VIVOCOM-WE

Adjustment

VIVOCOM INTL HOLDINGS BERHAD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENTS TO THE NUMBER AND EXERCISE PRICE OF OUTSTANDING WARRANTS 2018/2023 (WARRANT(S) E) AS SPECIFIED IN THE DEED POLL DATED 16 JULY 2018 (DEED POLL), AS A CONSEQUENCE OF THE CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN VIVOCOM ("VIVOCOM SHARE(S)") INTO 1 VIVOCOM SHARE ("CONSOLIDATED SHARE(S)") AT 5.00 P.M. ON 3 NOVEMBER 2020 ("SHARE CONSOLIDATION")
EX-date 02 Nov 2020
Entitlement date 03 Nov 2020
Entitlement time 5:00 PM
Financial Year End 30 Jun 2021
Period of interest payment   to  
Share transfer book & register of members will be   to   closed from (both dates inclusive) for the purpose of determining the entitlement
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 03 Nov 2020
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
Ratio 1.0000 : 10.0000
Rights Issue/Offer Price
Par Value (if applicable)
Registrar or Service Provider name, address, telephone no INSURBAN CORPORATE SERVICES SDN BHD
149 Jalan Aminuddin Baki
Taman Tun Dr Ismail

60000 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0377295529
Fax:0377285948


Remarks :
Pursuant to the Share Consolidation, the number and exercise price of outstanding Warrants E which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll.

The Warrants E will be consolidated on the basis of every 10 Warrants E held by the entitled holders of Warrants E of the Company ("Entitled Holders") (whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date) into 1 Warrant E ("Consolidated Warrants E"). 

Fractional entitlements arising from the Adjustments, 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 actual number of Consolidated Warrants E to be consolidated would depend on the number of outstanding Warrants E which have yet to be exercised into new Vivocom Shares as at the Entitlement Date.

Pursuant to the Adjustments, the existing exercise price of Warrants E of RM0.05 each will be revised to RM0.50 each.

The Consolidated Warrants E will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 4 November 2020, being the next market day following the Entitlement Date.

The notice of allotment for the Consolidated Warrants E will be despatched to the Entitled Holders not later than 4 market days after the date of listing and quotation of the Consolidated Warrants E on Bursa Securities. The notice to the holders of Warrants E (setting out the details of the Adjustments) will be despatched to the Entitled Holders in due course.

This announcement is dated 19 October 2020.


Announcement Info

Company Name VIVOCOM INTL HOLDINGS BERHAD
Stock Name VIVOCOM-WE
Date Announced 19 Oct 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-19102020-00003


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