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Proposed Offering By Axiata, The Sole Ultimate Shareholder Of Indocel Holding Sdn Bhd ("Indocel"), of Part Of Indocel's Equity Interest In Pt Xl Axiata Tbk ("XL") ("Proposed Offering")

Back 11 Mar 2010
Date Announced
:

11/03/2010

 
Type
:
 Announcement
Subject
:
AXIATA GROUP BERHAD (FORMERLY KNOWN AS TM INTERNATIONAL BERHAD) (“AXIATA”)

PROPOSED OFFERING BY AXIATA, THE SOLE ULTIMATE SHAREHOLDER OF INDOCEL HOLDING SDN BHD (“INDOCEL”), OF PART OF INDOCEL’S EQUITY INTEREST IN PT XL AXIATA TBK (“XL”) (“PROPOSED OFFERING”)
Contents
:

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Announcement Details :

On behalf of Axiata's Board of Directors, CIMB Investment Bank Berhad is pleased to announce that Axiata, the sole ultimate shareholder of Indocel, proposes to undertake an offering of up to 20.0% of the issued and paid-up share capital of XL to eligible institutional/sophisticated investors via a bookbuilding exercise.

Please refer to the attachment for the full announcement. We have also attached the media release in relation to the Proposed Offering. 

This annoucement is dated 11 March 2010.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.  No securities may be offered or sold in the United States absent registration or an applicable exemption from registration requirements.  Any public offering of securities to be made in the United States will be made by means of a prospectus.  Such prospectus will contain detailed information about the company making the offer and its management and financial statements. No public offer of securities is to be made by Axiata or XL in the United States.

FORWARD-LOOKING INFORMATION

Forward-looking statements in this announcement are based on current expectations. These statements are not guarantees of future events or results. Future events and results involve some risks, uncertainties and assumptions that are difficult to predict. Actual events and results could vary materially from the description contained herein due to many factors including changes in the market, changes in the business and financial condition of the Axiata and its subsidiaries, and changes in the capital markets in general.

 

Attachments

  1. AXIATA110310a.pdf (Size: 31,654 bytes)
  2. AXIATA110310b.pdf (Size: 93,735 bytes)