Axiata Group Berhad (“Axiata”) I. Proposed Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature; II. Proposed Amendments to the Articles of Association of Axiata; III. Proposed Amendment to Article 106(i) of the Articles of Association of Axiata; and IV. Proposed Determination of the Amount of Fees of Non-Executive Directors for the Year Ending 31 December 2012 and Each Subsequent Year
Announcement Details/Table Section :
The Board of Directors of Axiata Group Berhad (“Axiata”) wishes to announce that Axiata proposes to seek the approval of its shareholders on the following proposals (collectively “Proposals”) at the forthcoming Annual General Meeting of Axiata:-
Proposed shareholders’ mandate for recurrent related party transactions of a revenue or trading nature pursuant to paragraph 10.09 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”);
Proposed amendments to the Articles of Association of Axiata to ensure that the Articles of Association of Axiata comply with the additional requirements of the Listing Requirements as well as to enhance the efficiency of Axiata’s administration;
Proposed amendment to Article 106(i) of the Articles of Association of Axiata on fees payable to Non-Executive Directors (“NED”) of Axiata; and
Proposed determination of the amount of fees of NED for the year ending 31 December 2012 and each subsequent year.
A circular setting out the details of the Proposals will be despatched to the shareholders of Axiata in due course. This announcement is dated 28 March 2012.