Axiata strives to raise our shareholder value by striking a balance between short-term profitability and long-term growth.
Others: (i) Proposed Authority For Axiata Group Berhad ("Axiata") To Purchase Its Own Shares Of Up To 10% Of Its Issued And Paid-Up Share Capital ("Proposed Share Buy-Back"); And (ii) Proposed Exemption Under Paragraph 24 Of Practice Note 9 Of The Malaysian Code On Take-Overs And Mergers, 2010 For Khazanah Nasional Berhad From The Obligation To Undertake A Mandatory Take-Over Offer On the Remaining shares In Axiata Not Already Owned By It, Upon The Purchase By Axiata Of Its Own Shares Pursuant To The Proposed Share Buy-Back
(I) PROPOSED AUTHORITY FOR AXIATA GROUP BERHAD (“AXIATA”) TO PURCHASE ITS OWN SHARES OF UP TO 10% OF ITS ISSUED AND PAID-UP SHARE CAPITAL (“PROPOSED SHARE BUY-BACK”); AND (II) PROPOSED EXEMPTION UNDER PARAGRAPH 24 OF PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010 FOR KHAZANAH NASIONAL BERHAD FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER ON THE REMAINING SHARES IN AXIATA NOT ALREADY OWNED BY IT, UPON THE PURCHASE BY AXIATA OF ITS OWN SHARES PURSUANT TO THE PROPOSED SHARE BUY-BACK
Announcement Details/Table Section :
On behalf of the Board of Directors of Axiata, CIMB Investment Bank Berhad is pleased to announce that Axiata proposes to seek from its shareholders, at its forthcoming annual general meeting, the authority to purchase its own shares of up to 10% of its issued and paid-up share capital.
Please refer to the attachment for the full announcement.
