VANTNRG-WA - Notice of Book Closure

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")

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Adjustment” 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: -
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")

In relation to the warrants adjustment undertaken by VANTNRG-WA 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-WA shares will be based on the newly adjusted warrants arising from warrants adjustments,
(b) on the basis of settlement taking place after 22 Aug 2025 with adjusted VANTNRG-WA shares, an entitled warrants holder who owns VANTNRG-WA shares as at Ex-date may sell only up to the maximum VANTNRG-WA shares he expects to receive after the adjustment, i.e. the reduced amount, on or after the Ex-date 21 Aug 2025.

With the warrants adjustments pursuant to the Share Consolidation effected on VANTNRG-WA shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled VANTNRG-WA shareholder may use the following basis to estimate the maximum number of VANTNRG-WA 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-WA shares                                                               Number of shares held /20
that may be 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-WA shares on cum basis on 20 Aug 2025, his CDS account would still show 2000 VANTNRG-WA  shares until 22 Aug 2025. However, as a result of the above Share Consolidation exercise, Mr X’s 2000 VANTNRG-WA  shares in his CDS account will be adjusted to 100 VANTNRG-WA 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-WA  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: 
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.