VANTNRG - Notice of Book Closure

VANTRIS ENERGY BERHAD

CONSOLIDATION OF EVERY 20 EXISTING ORDINARY SHARES IN VANTRIS ENERGY ("VANTRIS ENERGY SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 22 AUGUST 2025 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")

 

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 21 Aug 2025
2) The last date of lodgment : 22 Aug 2025

Remarks 1: 
Participating Organisations are to take note of the following Share Consolidation exercise by VANTRIS ENERGY BERHAD.
 The Share Consolidation comprises the following:-
CONSOLIDATION OF EVERY 20 EXISTING ORDINARY SHARES IN VANTRIS ENERGY ("VANTRIS ENERGY SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 22 AUGUST 2025 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")

 In relation to the Share Consolidation undertaken by VANTNRG as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:
 (a) on or after the Ex-date on 21 Aug 2025, trading of VANTNRG shares will be based on the newly adjusted share after the Share Consolidation of VANTNRG shares,
 (b) on the basis of settlement taking place after 22 Aug 2025 with consolidated VANTNRG shares, any entitled shareholder who owns VANTNRG shares as at Ex-date may sell only up to the maximum VANTNRG shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 21 Aug 2025
 

With the adjustments pursuant to the Share Consolidation effected on VANTNRG shareholders’ CDS account at the end of the Entitlement Date (“Books Closure   Date”), an entitled VANTNRG  shareholder may use the following basis to estimate the maximum number of VANTNRG  shares that he may sell from the Ex-date until the Book Closing Date which is from 21 Aug 2025 until 22 Aug 2025.
 
Number of VANTNRG shares that may be                                =              Number of shares held / 20
sold from 21 Aug 2025 until 22 Aug 2025                  (All fractional shares computed should be disregarded)

 

Illustration:
For example, if Mr X owns or purchases 2000 VANTNRG shares on cum basis on 20 Aug 2025, his CDS account would still show 2000 VANTNRG  shares until 22 Aug 2025. However, as a result of the above Share Consolidation exercise, Mr X’s 2000 VANTNRG  shares in his CDS account will be adjusted to 100 VANTNRG shares on the night of 22 Aug 2025 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 100 VANTNRG  shares on or after the Ex-date i.e. from  21 Aug 2025 onwards.

 

 Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 21 Aug 2025 until 22 Aug 2025, they are only entitled to sell the maximum of 1/ 20 of the shares owned before the Ex-date. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client’s position

 

Remarks 2: 
The Share Consolidation involves the consolidation of every 20 existing Shares into 1 Consolidated Share as at 5.00 p.m. on 22 August 2025, being the entitlement date for the Share Consolidation. 

 

The actual number of Consolidated Shares to be issued would depend on the total number of issued shares on the entitlement date for the Share Consolidation. Fractional entitlements arising from the Share Consolidation in respect of the Consolidated Shares, if any, shall be disregarded and/or dealt with by the Board in its absolute discretion in such manner as it may deem fit or expedient and in the best interest of the Company.

 

In instances where a shareholder holds less than the minimum required number of shares for 1 Consolidated Share (e.g., owning only 19 Vantris Energy Shares), the shareholder's entire holding will be disregarded. As a result, their name will no longer appear in the Record of Depositors following the completion of the Share Consolidation exercise.

 

The Consolidated Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 25 August 2025, being the next market day following the entitlement date for the Share Consolidation. 

 

The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders within 4 market days after the listing of and quotation for the Consolidated Shares on the Main Market of Bursa Securities. 

 

The Share Consolidation will result in a reduction in the number of Shares available in the market and the trading price of the Shares will be adjusted accordingly in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of the Shares held.