VANTNRG-WA
Adjustment
| VANTRIS ENERGY BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2019/2026 IN VANTRIS ENERGY AS CONSTITUTED BY THE DEED POLL DATED 06 DECEMBER 2018 ("DEED POLL A") ("VANTRIS ENERGY WARRANTS A" OR "WARRANTS A") PURSUANT TO THE CONSOLIDATION OF EVERY 20 EXISTING ORDINARY SHARES IN VANTRIS ENERGY ("SHARE(S)") HELD AT 5.00 P.M. ON 22 AUGUST 2025 ("ENTITLEMENT DATE") INTO 1 SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION") |
| EX-date | 21 Aug 2025 |
| Entitlement date | 22 Aug 2025 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Jan 2026 |
| 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 | 22 Aug 2025 |
| 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 : 20.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
BOARDROOM SHARE REGISTRARS SDN BHD 11th Floor, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim (Jalan Semangat) Seksyen 13 46200 Petaling Jaya Selangor Malaysia Tel:0378904700 Fax:0378904670 |
| Remarks : |
Pursuant to the Share Consolidation, the exercise price and number of outstanding Warrants A (which are not exercised into new Shares prior to the Entitlement Date) shall be adjusted in accordance with the provisions of the Deed Poll A ("Adjustments").
The outstanding Warrants A will be consolidated on the basis of every 20 Warrants A held by the holders of Warrants A whose names appear in the Record of Depositors ("ROD") of the Company for Warrants on the Entitlement Date ("Entitled Warrant A Holders") into 1 Warrant A ("Consolidated Warrant(s) A"). Fractional entitlements for the Consolidated Warrants A arising from the Adjustments, if any, will 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.
In instances where a warrant holder holds less than the minimum required number of shares for 1 Consolidated Warrant A (e.g., owning only 19 Warrants A), the warrant holder's entire holding will be disregarded. As a result, their name will no longer appear in the ROD following the completion of the Share Consolidation exercise.
Pursuant to the Adjustments, the existing number of 998,692,020 outstanding Warrants A will be adjusted into up to 49,934,600 Consolidated Warrants A. The actual number of Consolidated Warrants A to be issued and allotted would depend on the number of outstanding Warrants A which are not exercised into new Shares on the Entitlement Date.
Further, pursuant to the Adjustments, the exercise price of the Warrants A of RM0.49 each will be revised to RM9.80 each.
The Consolidated Warrants A will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 25 August 2025 ("Listing Date"), being the next market day following the Entitlement Date.
The notice of allotment of the Consolidated Warrants A will be issued and despatched to the Entitled Warrant A Holders at the addresses set out in the ROD of the Company for Warrants A as at the Entitlement Date within 4 market days after the Listing Date. The notice setting out the details of the Adjustments will be issued and despatched to the Entitled Warrant A Holders in due course.
The Share Consolidation will result in a reduction in number of Warrants A available in the market and trading price of the Warrants A will be adjusted accordingly in proportion to the basis of the Share Consolidation.
The Entitled Warrant A Holders who wish to be entitled to the Share Consolidation as the Company's shareholders shall exercise their rights to subscribe for new Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar of the Company (at the address stated above) on or before 5.00 p.m. on 11 August 2025 such that their names will appear in the ROD of the Company for Shares at 5.00 p.m. on the Entitlement Date.
This announcement is dated 8 August 2025. |
Announcement Info
| Company Name | VANTRIS ENERGY BERHAD |
| Stock Name | VANTNRG-WA |
| Date Announced | 08 Aug 2025 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-08082025-00007 |