Share Consolidation

VORTEX CONSOLIDATED BERHAD

EX-date 22 Jan 2019
Entitlement date 24 Jan 2019
Entitlement time 05:00 PM
Entitlement subject Share Consolidation
Entitlement description CONSOLIDATION OF EVERY 2 EXISTING ORDINARY SHARES IN VORTEX CONSOLIDATED BERHAD (FORMERLY KNOWN AS SKH CONSORTIUM BERHAD) ("COMPANY") ("SHARE(S)") HELD AS AT 5.00 P.M. ON 24 JANUARY 2019 ("ENTITLEMENT DATE") INTO 1 NEW SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")
Period of interest payment   to  
Financial Year End 31 Mar 2019
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 TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A Vertical Business Suite, Avenue 3, Bangsar South No. 8, Jalan Kerinchi 59200 Kuala Lumpur Tel: 03-2783 9299 Fax: 03-2783 9222
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 24 Jan 2019
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 2 : 1
Rights Issue/Offer Price
Par Value (if applicable)


Remarks :
The Share Consolidation entails the consolidation of 2 Shares held on the Entitlement Date into 1 Consolidated Share. 

The actual number of Consolidated Shares to be issued would depend on the issued share capital of the Company on the Entitlement Date. Fractional entitlements for the Consolidated Shares arising from the Share Consolidation, 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 date of listing of and quotation for the Consolidated Shares on the ACE Market of Bursa Malaysia Securities Berhad will be on 25 January 2019 ("Listing Date"), being the next market day following the Entitlement Date.

A notice of allotment will be issued and despatched to the entitled shareholders for the Share Consolidation at the addresses set out in the Record of Depositors within 4 market days after the Listing Date.

This announcement is dated 9 January 2019.


Announcement Info

Company Name VORTEX CONSOLIDATED BERHAD
Stock Name VC
Date Announced 09 Jan 2019
Category Entitlement(Notice of Book Closure)
Reference Number ENT-08012019-00001