OTHERS VANTRIS ENERGY BERHAD (FORMERLY KNOWN AS SAPURA ENERGY BERHAD) ("VTEB" OR "THE COMPANY") EARLY PARTIAL REDEMPTION OF REDEEMABLE CONVERTIBLE UNSECURED ISLAMIC DEBT SECURITIES ("RCUIDS")
| VANTRIS ENERGY BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | VANTRIS ENERGY BERHAD (FORMERLY KNOWN AS SAPURA ENERGY BERHAD) ("VTEB" OR "THE COMPANY")
EARLY PARTIAL REDEMPTION OF REDEEMABLE CONVERTIBLE UNSECURED ISLAMIC DEBT SECURITIES ("RCUIDS") |
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Unless otherwise stated, all abbreviations and terms used in this announcement shall have the same meanings as those defined in the Company’s earlier announcements in relation to the disclosure requirements under Paragraph 4.1(c) of PN17 of the Listing Requirements.
Following the issuance of 1,469,500,005 RCUIDS units with nominal value of RM1,763,400,045.95 to the Unsecured Creditors on 26 September 2025, VTEB has assessed its current cash flow position and determined that it has sufficient funds arising from the surplus from the available net disposal proceeds of SOMV Disposal as defined in the Circular dated 8 July 2025 in relation to the Proposed Regularisation Plan to undertake an early partial redemption of the RCUIDS.
On 28 January 2026, VTEB has made an early partial redemption of 17,786,805 RCUIDS units with nominal value of RM21,344,201.60.
The early partial redemption exercise will reduce the total outstanding RCUIDS units to 1,446,438,000 with nominal value of RM1,735,725,599.85.
This announcement is dated 28 January 2026. |
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Announcement Info
| Company Name | VANTRIS ENERGY BERHAD |
| Stock Name | VANTNRG |
| Date Announced | 28 Jan 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-27012026-00008 |