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VIZIONE-WC

Adjustment

VIZIONE HOLDINGS BERHAD

EX-date 15 Oct 2018
Entitlement date 17 Oct 2018
Entitlement time 05:00 PM
Entitlement subject Adjustment
Entitlement description ADJUSTMENTS TO THE EXERCISE PRICE AND THE NUMBER OF OUTSTANDING WARRANTS 2017/2022 ("WARRANTS-C") ("ADJUSTMENTS"), AS A CONSEQUENCE OF THE CONSOLIDATION OF EVERY 7 ORDINARY SHARES IN VIZIONE HOLDINGS BERHAD ("VIZIONE" OR THE "COMPANY") ("SHARES") INTO 1 SHARE ("CONSOLIDATED SHARE") AT 5.00P.M. ON 17 OCTOBER 2018 ("SHARE CONSOLIDATION") ("BOOKS CLOSURE DATE")
Period of interest payment   to  
Financial Year End 31 May 2018
Share transfer book & register of members will be   to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no SHAREWORKS SDN BHD No. 2-1, Jalan Sri Hartamas 8 Sri Hartamas 50480 Kuala Lumpur Tel:0362011120 Fax:0362013121
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 17 Oct 2018
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 7 : 1
Rights Issue/Offer Price
Par Value (if applicable)


Remarks :
The Notice of Books Closure in relation to the Shares Consolidation had been announced by the Company separately today. 

Arising from the migration to the no par value regime under the Companies Act 2016, par value is no longer relevant.

Pursuant to the Share Consolidation, the exercise price and number of outstanding Warrants-C which are not exercised prior to the Books Closure Date will be adjusted in accordance with the provisions of the Deed Poll constituting the Warrants-C dated 9 December 2016 and the Supplemental Deed Poll for Warrants-C dated 14 September 2018.

The Warrants-C will be consolidated on the basis of every 7 Warrants-C held by the entitled holders of Warrants-C of the Company (whose name appear in the Record of Depositors at 5.00 p.m. on the Books Closure Date) into 1 Warrants-C ("Consolidated Warrants-C").

Fractional entitlements arising from the Adjustments, if any, will be disregarded and/or shall be dealt with by the Board of Directors of the Company ("Board") in such manner as the Board in its absolute discretion deems fit and expedient or in the best interest of the Company. The actual number of Consolidated Warrants-C to be issued and allotted would depend on the number of outstanding Warrants-C which have yet to be exercised into new Shares as at the Books Closure Date. 

Pursuant to the Adjustments, the existing exercise price of Warrants-C of RM0.10 each will be revised to RM0.70 each. 

The Consolidated Warrants-C will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 18 October 2018, being the next market day following the Books Closure Date. 

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

This announcement is dated 2 October 2018.


Announcement Info

Company Name VIZIONE HOLDINGS BERHAD
Stock Name VIZIONE-WC
Date Announced 02 Oct 2018
Category Entitlement(Notice of Book Closure)
Reference Number ENT-02102018-00004