VIZIONE-WE
Adjustment
| VIZIONE HOLDINGS BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2022/2025 IN VIZIONE HOLDINGS BERHAD ("VIZIONE" OR THE "COMPANY") ("WARRANTS E") AS SPECIFIED IN THE DEED POLL DATED 14 JANUARY 2022 ("DEED POLL E"), PURSUANT TO THE CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN VIZIONE ("VIZIONE SHARES" OR "SHARES") INTO 1 VIZIONE SHARE ("CONSOLIDATED SHARE") HELD AT 5.00 P.M. ON 3 OCTOBER 2024 ("ENTITLEMENT DATE") ("SHARE CONSOLIDATION") |
| EX-date | 02 Oct 2024 |
| Entitlement date | 03 Oct 2024 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 May 2025 |
| 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 Oct 2024 |
| 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 | 5.0000 : 1.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| 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 : |
Pursuant to the Share Consolidation, the exercise price and the number 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 E ("Adjustments").
The outstanding Warrants E will be consolidated on the basis of every 5 Warrants E held by the entitled Warrant E holders (whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date) ("Entitled Warrant E Holders") into 1 Warrant E ("Consolidated Warrant 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.
Pursuant to the Adjustments, the existing number of 511,449,980 Warrants E will be adjusted into a maximum number of 102,289,996 Consolidated Warrants E to be issued and allotted to the Entitled Warrant E Holders. The actual number of Consolidated Warrants E to be issued and allotted would depend on the number of outstanding Warrants E which have yet to be exercised into new Vizione Shares as at the Entitlement Date.
Further, the existing exercise price of Warrants E of RM0.08 each will be revised to RM0.40 each pursuant to the Adjustments.
The Consolidated Warrants E will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 4 October 2024, being the next market day following the Entitlement Date.
The notices of allotment for the Consolidated Warrants E will be despatched to the Entitled Warrant E 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 Entitled Warrant E Holders (setting out the details of the Adjustments) will be despatched to the Entitled Warrant E Holders in due course.
The Adjustments will result in a reduction in the number of Warrants E available in the market and the trading price of the Warrants E will be adjusted accordingly in proportion to the basis of the Adjustments. The Entitled Warrant E holders are strongly advised to trade cautiously to prevent overselling of their position in respect of the Warrants E held.
This announcement is dated 18 September 2024. |
Announcement Info
| Company Name | VIZIONE HOLDINGS BERHAD |
| Stock Name | VIZIONE-WE |
| Date Announced | 18 Sep 2024 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-18092024-00007 |