Stock Exchange
Announcement

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

Back Mar 20, 2007
Type Announcement
Subject 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

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 Name DIGI.COM BERHAD  
Stock Name DIGI    
Date Announced 20 Mar 2007  
Category General Announcement
Reference No C&-070319-22E6C

Connect with us

Our Email Alert system will automatically send you newly posted company announcements and news updates.

Email Alert

IR Contact

If you have any queries, please email us: invesrel@celcomdigi.com