Mercury Securities
  • Try MST28 trading from Mercury Securities with rates as low as 0.05%.
  • Earn MS Coin when you trade with MST28. Check out MST28.
  • Try MST28 trading from Mercury Securities with rates as low as 0.05%.
  • Get FREE real time quotes on our website & App. Check out MST28.
Open Trading Account
add free Download App
premium Premium Account

Last Price Change Volume
KLSE Market Watch
Open: Day Range: Prev Close:


DiGi.COM BERHAD ("DiGi" or the "Company") - PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE AND PROPOSED NEW SHAREHOLDERS’ MANDATE FOR ADDITIONAL RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE TO BE ENTERED WITH TELENOR ASA ("TELENOR") AND PERSONS CONNECTED WITH TELENOR

DIGI.COM BERHAD

Type

Announcement
SubjectDiGi.COM BERHAD ("DiGi" or the "Company")
- PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE AND PROPOSED NEW SHAREHOLDERS’ MANDATE FOR ADDITIONAL RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE TO BE ENTERED WITH TELENOR ASA ("TELENOR") AND PERSONS CONNECTED WITH TELENOR

Contents :

1. Introduction
      The Board of Directors of DiGi wishes to announce that the Company proposes to seek approval of its shareholders for the Proposed Renewal of Existing Shareholders' Mandate For Recurrent Related Party Transactions of a Revenue or Trading Nature and Proposed New Shareholders’ Mandate For Additional Recurrent Related Party Transactions of a Revenue or Trading Nature to be entered with Telenor ASA ("Telenor") and Persons Connected with Telenor ("Proposed Shareholders’ Mandate") at the forthcoming Tenth Annual General Meeting ("10th AGM").

2. Proposed Shareholders’ Mandate

Pursuant to Paragraph 10.09 of the Bursa Malaysia Securities Berhad Listing Requirements ("the Listing Requirements"), the Company intends to seek the approval of its shareholders for the Proposed Renewal of Existing Shareholders' Mandate For Recurrent Related Party Transactions of a Revenue or Trading Nature and Proposed New Shareholders’ Mandate For Additional Recurrent Related Party Transactions of a Revenue or Trading Nature to be entered with Telenor ASA ("Telenor") and Persons Connected with Telenor ("Proposed Shareholders’ Mandate") at the forthcoming Annual General Meeting ("AGM") of the Company.

At the 9th AGM held on 19 May 2006, the shareholders of the Company had granted a mandate for the Company and its subsidiaries to enter into recurrent related party transactions. In accordance with paragraph 4.1.4 of Practice Note 12/2001 of the Listing Requirements, this shareholders' mandate unless revoked or varied by the Company in a general meeting is expiring at the conclusion of the forthcoming AGM. The Company is proposing to seek renewal of the existing mandate for Recurrent Related Party Transactions of a revenue or trading nature and new mandate for additional Recurrent Related Party Transactions of a revenue or trading nature at the forthcoming AGM.
      A circular setting out the details of the Proposed Shareholders’ Mandate will be despatched to the shareholders of the Company in due course.

This announcement is dated 20 March 2007.


Announcement Info

Company NameDIGI.COM BERHAD  
Stock Name DIGI    
Date Announced20 Mar 2007  
CategoryGeneral Announcement
Reference NoC&-070319-22E6C



Close