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Axiata strives to raise our shareholder value by striking a balance between
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Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

Back 11 Oct 2022
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

AXIATA GROUP BERHAD ("AXIATA" OR THE "COMPANY")

(I) PROPOSED ACQUISITION; AND

(II) PROPOSED MANDATORY TENDER OFFER

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the Company’s circular to shareholders in relation to the Proposals dated 11 May 2022)

Reference is made to the announcements dated 27 January 2022, 18 April 2022, 11 May 2022, 26 May 2022, 14 June 2022, 22 June 2022 and 29 August 2022 in relation to the Proposals.

On behalf of the Board, Maybank IB wishes to announce that the mandatory tender offer (“MTO”) period ended on 28 September 2022 and the settlement for the Link Net Shares purchased pursuant to the MTO was completed on 6 October 2022. As a result of the MTO, AII and XL, collectively hold an equity interest of 99.52% in Link Net as at 6 October 2022. AII will work together with Link Net to explore various options or proposals to fulfill the requirements of the Indonesian Stock Exchange (“IDX”).

The MTO Report containing details of the results of the MTO has been published on the IDX on 11 October 2022.

This announcement is dated 11 October 2022.


Announcement Info

Company Name AXIATA GROUP BERHAD
Stock Name AXIATA
Date Announced 11 Oct 2022
Category General Announcement for PLC
Reference Number GA1-10102022-00002