|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
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.
|Company Name||AXIATA GROUP BERHAD|
|Date Announced||28 Jan 2016|
|Category||General Announcement for PLC|