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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS DIGI.COM BERHAD ("DIGI" OR "COMPANY") (I) PROPOSED MERGER; AND (II) PROPOSED EXEMPTION

DIGI.COM BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
DIGI.COM BERHAD ("DIGI" OR "COMPANY") (I) PROPOSED MERGER; AND (II) PROPOSED EXEMPTION

DIGI.COM BERHAD (“DIGI” OR “COMPANY”)

 

 (I)     PROPOSED MERGER OF CELCOM AXIATA BERHAD (“CELCOM”) AND DIGI (“PROPOSED MERGER”); AND

 

 (II)     PROPOSED EXEMPTION UNDER PARAGRAPH 4.08(1)(A) OF THE RULES ON TAKE OVERS, MERGERS AND COMPULSORY ACQUISITIONS (“RULES”) FOR AXIATA GROUP BERHAD (“AXIATA”) AND PERSONS ACTING IN CONCERT (“PAC”) WITH IT, FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER TO ACQUIRE THE REMAINING ORDINARY SHARES IN DIGI NOT ALREADY OWNED BY IT AND ITS PACs UPON COMPLETION OF THE PROPOSED MERGER (“PROPOSED EXEMPTION”)

 

(THE ABOVE ARE TO BE COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

 

We refer to the announcements dated 8 April 2021 and 21 June 2021 in relation to the Proposals.

 

On behalf of the Board of Directors of Digi, CIMB Investment Bank Berhad wishes to announce that subsequent to the announcement on 21 June 2021, Digi has engaged with Malaysian Communications and Multimedia Commission (“MCMC”) to initiate the merger assessment process in accordance with MCMC’s Guidelines on Mergers and Acquisitions (the “Guidelines”). Digi wishes to inform that its subsidiary, Digi Telecommunications Sdn Bhd’s merger application has been formally received by MCMC for its assessment in accordance with the Guidelines.

 

The completion of the Proposed Merger will be amongst others, also subject to approval of the Securities Commission Malaysia and the shareholders of Axiata and Digi.

 

 This announcement is dated 24 November 2021.






Announcement Info

Company Name DIGI.COM BERHAD
Stock Name DIGI
Date Announced 24 Nov 2021
Category General Announcement for PLC
Reference Number GA1-17112021-00070




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