Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.
Type
Announcement | |
Subject | MATERIAL LITIGATION |
Description |
1. KUALA LUMPUR HIGH COURT CIVIL SUIT NO: D1-22-1960-2008 CELCOM (MALAYSIA) BERHAD (CELCOM) & TECHNOLOGY RESOURCES INDUSTRIES BERHAD (TRI) VS TAN SRI DATO TAJUDIN BIN RAMLI (TSDTR) & 6 OTHERS (CONSPIRACY SUIT) 2. KUALA LUMPUR HIGH COURT CIVIL SUIT NO: D5-22-610-2006 CELCOM & TRI) VS TSDTR AND 8 OTHERS (INDEMNITY SUIT) |
Axiata Group Berhad (“Axiata”) refers to the following announcements dated 1 April 2016:- i) In respect of the Conspiracy Suit, the dismissal by the Federal Court of the applications by (i) TSDTR and Dato’ Bistamam bin Ramli (“DBR”) and (ii) Dieter Sieber, Dr. Frank-Reinhard Bartsch, Joerg Andreas Boy, Axel Hass and Oliver Tim Axmann (“Applicants”) to the Federal Court for leave to appeal against the decision of the Court of Appeal dated 11 March 2014; and ii) In respect of the Indemnity Suit, the dismissal by the Federal Court of the applications by (i) TSDTR and DBR and (ii) the Applicants to the Federal Court for leave to appeal against the decision of the Court of Appeal dated 11 March 2014. Axiata wishes to announce that Celcom and TRI’s solicitors have been served with a Defence and Counterclaim for the Conspiracy Suit and a Defence and Counterclaim for the Indemnity Suit (collectively referred to as “Defence & Counterclaim”) by TSDTR and DBR on 23 June 2016. In the Defence & Counterclaim, TSDTR and BR are seeking, among others, the following relief from Celcom and TRI:- i) Pay the sum of RM6,246,492,000.00 or alternatively the sum of RM7,214,909,224.01 together with interest, being the amount claim by TSDTR in his counterclaim in Kuala Lumpur High Court Suit No: D2-22-673-2006 which was withdrawn pursuant to a global settlement; ii) Pay all sums received by Telekom Malaysia Berhad and Telekom Enterprise Sdn Bhd (“Telekom Group”) from dividends and other payments from Celcom and TRI to be assessed; iii) Withdraw all pending suits without liberty to refile and no order as to costs; iv) Restraint from executing judgment procured from the pending suits; v) Indemnify TSDTR and DBR against all liability, payments, loss and damages incurred or suffered as a consequence or in relation to the pending suits; vi) Punitive, aggravated and exemplary damages to be assessed for malicious prosecution; vii) Interests and costs. Axiata will make further announcements from time to time in respect of any material developments of this 2 matters. The announcement is dated 24 June 2016. |
Company Name | AXIATA GROUP BERHAD |
Stock Name | AXIATA |
Date Announced | 24 Jun 2016 |
Category | General Announcement for PLC |
Reference Number | GA1-24062016-00064 |