Vivocom Intl Holdings Berhad (“Vivocom” or "Company") would like to announce the Board’s intention to undertake a bonus issue on the ratio of one bonus warrant for every three (1:3) ordinary shares held on an entitlement date to be determined later (“Proposal”).

• Reward existing shareholders for their loyal support by enabling them to participate in a derivative of the Company without incurring any costs; 

• Provides the shareholders with an opportunity to further increase their equity participation in the Company by exercising the Warrants at a pre-determined price during the exercise period.

• Allow shareholders to benefit from potential capital appreciation from the exercise of the Warrants;

• Further strengthen the capital base of the Company with the proceeds from the exercise of Warrants; and 

• Progressively raise proceeds as and when the Warrants are exercised to fund the working capital requirements of the Group.

The Board of Directors had in the same announcement set the exercise price of the new warrants at RM0.95c. Dato Seri Chia added he is most optimistic about the future financial performance of the Group and look forward to further appreciation in the share price of Vivocom. 

Game Changer Sand Deal
Last week Vivocom announced it had secured a lucrative sand contract worth RM3.79B that could potentially soar to RM6B. This is a massive win and represented a Game Changer for the Group as it would contribute significantly to earnings for the next few years.

“Vivocom seeks to find the Next Big Thing, ‘industry disruptors with blockbuster growth potential’. 

The CEO added, “We will only acquire companies that add value to our group's overall business and are PE accretive, and will only pay for such acquisition with the issuance of new shares. Our selection criteria of the type of companies we acquire are very stringent and prudent.”

Long Term And Loyal Shareholders
“Vivocom has over twenty thousand shareholders. This enormous and loyal retail following is the major reason for our tremendous liquidity and momentum giving our share price added impetus,” Dato Seri asserts.

“Thais is why Vivocom’s share is so strong and resilient with splendid liquidity. You can say it’s our secret weapon. A strong share with high liquidity is a most valuable and prized resource which we can use as a currency for M&A activities. To fund and fast-track grpwth and strengthen our fundamentals.,” Dato Seri Chia elaborated.

“As a priority, we will also work towards getting Vivocom elevated to the Main Board of Bursa Malaysia and be a dividends-paying company soonest possible. I am determined to leave behind an enduring legacy for all our valued shareholders,” concluded Dato Seri Chia.

Source: Vivocom Intl Holdings Berhad