Investors

Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.

TM International berhad ("TMI")
(i) Proposed Increase in TMI's Authorised share Capital and Corresponding Amendments to TMI's Memorandum and Articles of Association;
(ii) Proposed Renounceable rights Issue of New Ordinary shares of RM1.00 Each In TMI ("TMI Shares") ("Rights Shares") to Raise Gross Proceeds of Approximately RM5,250 Million ("Proposed Rights Issue");
(iii) Proposed Exemption for Khazanah Nasional Berhad ("Khazanah") From the Obligation to Carry Out A Mandatory Take-over Offer On the Remaining TMI Shares Not Held By Khazanah After the Proposed Rights Issue; and
(iv) Proposed Long Term Performance-based Employee Share option Scheme For Eligible Employees And Executive Directors of The TMI Group Of Companies ("Proposed Option Scheme") (Collectively Referred To As "Proposals")

Back 27 Mar 2009
General Announcement
Reference No MM-090327-57473

Submitting Merchant Bank
:
 CIMB INVESTMENT BANK BERHAD 
Company Name
:
 TM INTERNATIONAL BERHAD 
Stock Name
:
 TMI
Date Announced
:
 27/03/2009


Type
:
 Announcement
Subject
:
TM INTERNATIONAL BERHAD ("TMI")

(I) PROPOSED INCREASE IN TMI'S AUTHORISED SHARE CAPITAL AND CORRESPONDING AMENDMENTS TO TMI'S MEMORANDUM AND ARTICLES OF ASSOCIATION;

(II) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN TMI ("TMI SHARES") ("RIGHTS SHARES") TO RAISE GROSS PROCEEDS OF APPROXIMATELY RM5,250 MILLION ("PROPOSED RIGHTS ISSUE");

(III) PROPOSED EXEMPTION FOR KHAZANAH NASIONAL BERHAD ("KHAZANAH") FROM THE OBLIGATION TO CARRY OUT A MANDATORY TAKE-OVER OFFER ON THE REMAINING TMI SHARES NOT HELD BY KHAZANAH AFTER THE PROPOSED RIGHTS ISSUE; AND

(IV) PROPOSED LONG TERM PERFORMANCE-BASED EMPLOYEE SHARE OPTION SCHEME FOR ELIGIBLE EMPLOYEES AND EXECUTIVE DIRECTORS OF THE TMI GROUP OF COMPANIES ("PROPOSED OPTION SCHEME")

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

Contents
:
-

Announcement Details :


We refer to our announcements dated 10 February 2009, 26 February 2009 and 24 March 2009 in relation to the Proposals, where applicable.  

On behalf of TMI's Board of Directors, CIMB Investment Bank Berhad is pleased to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, through its letter dated 27 March 2009 given its approval-in-principle for the additional listing of and quotation for: 

(i)          4,691,752,475 Rights Shares to be issued under the Proposed Rights Issue; and 

(ii)         new TMI Shares to be issued pursuant to the exercise of options granted by TMI under the Proposed Option Scheme representing up to 7% of TMI's issued and paid-up share capital at any point of time during the existence of the Proposed Option Scheme,

on the Main Board of Bursa Securities. 

Accordingly, all approvals for the Proposed Rights Issue and Proposed Option Scheme have been obtained.  

This announcement is dated 27 March 2009.  

These materials are not an offer of securities for sale in or into the United States of America ("U.S."), Canada or Japan. The securities may not be offered or sold in the U.S. or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended) unless they are registered or exempt from registration. There will be no public offer of securities in the U.S.. The Rights Issue, the provisional allotment of Rights Shares and the Rights Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended or under any securities laws of any state or other jurisdiction of the U.S..