Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions
|Subject||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 (“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, 21 June 2021, 24 November 2021, 28 January 2022, 1 April 2022 and 17 June 2022 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions as set out in the Announcements shall apply herein.
On behalf of the Board of Directors of Digi, CIMB Investment Bank Berhad notifies that subsequent to the announcement on Statement of Issues (“SOI”) on 1 April 2022, the Malaysian Communications and Multimedia Commission (“MCMC”) has issued to Digi Telecommunications Sdn Bhd (“Digi Tel”) and Celcom (“Parties”), a Notice of No Objection (the “Notice”) dated 28 June 2022. The Notice was issued further to MCMC’s completion of its assessment of the Proposed Merger and the Parties’ application for authorization of conduct on 16 June 2022 and notifies the Parties that MCMC does not object to the Proposed Merger. The Notice also states that MCMC has reviewed the undertaking offered by the Parties in connection with the application (“Undertaking”).
The Parties believe that the Undertaking fully addresses the issues identified by the MCMC and ensures that consumers in Malaysia will continue to benefit from effective competition in mobile telecommunications services. The Undertaking includes:
This announcement is dated 28 June 2022.
|Company Name||DIGI.COM BERHAD|
|Date Announced||28 Jun 2022|
|Category||General Announcement for PLC|