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Transactions (Chapter 10 of Listing Requirements) : Non Related Party Transactions

Back 28 Jan 2016
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

PROPOSED AMALGAMATION OF ROBI AXIATA LIMITED ("ROBI") AND AIRTEL BANGLADESH LIMITED ("AIRTEL")

We are pleased to announce that Robi, a 91.59% owned subsidiary of Axiata Group Berhad, held through its wholly-owned subsidiary Axiata Investments (Labuan) Limited, had on 28 January 2016 entered into an agreement with; inter-alia, Bharti Airtel Holdings (Singapore) Pte. Ltd. ("Bharti Singapore") for the amalgamation of Airtel Bangladesh with Robi (“Agreement”) on the terms set in the Agreement and Companies Act 1994 of Bangladesh (“Proposed Merger”). The Proposed Merger shall be satisfied fully via issuance of new ordinary shares of BDT10 each in Robi ("Robi Share") by Robi to Bharti Singapore for shareholding of up to 25% plus 1 Robi Share on a fully diluted basis of the combined entity of Robi and Airtel Bangladesh. Pursuant to the Proposed Merger, Robi shall be the surviving corporation.

Please refer to the attachment for the full announcement in relation to the Proposed Merger. Also attached is the media release in relation to the Proposed Merger. 

This announcement is dated 28 January 2016.

 



Please refer attachment below.

 


Announcement Info

Company Name AXIATA GROUP BERHAD
Stock Name AXIATA
Date Announced 28 Jan 2016
Category General Announcement for PLC
Reference Number GA1-26012016-00135

Attachments

  1. Media_Release-Proposed_Merger_of_Robi_and_Airtel_Bangladesh.pdf (Size: 290,684 bytes)
  2. Bursa_Announcement-Proposed_Merger_of_Robi_and_Airtel_Bangladesh.pdf (Size: 62,078 bytes)

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