| Type | Announcement |
| Subject | OTHERS |
| Description |
CELCOMDIGI BERHAD (FORMERLY KNOWN AS DIGI.COM BERHAD) ("CELCOMDIGI" OR THE "COMPANY") TERMINATION OF PROPOSED SUBSCRIPTION OF: (I) 100,000 NEW ORDINARY SHARES IN DIGITAL NASIONAL BERHAD ("DNB") ("DNB SHARES") ("SUBSCRIPTION SHARES"); AND (II) Up to 291,566,668 RIGHTS TO ALLOTMENT OF DNB SHARES ("DNB RIGHTS TO ALLOTMENT"), BY EACH OF DIGI TELECOMMUNICATIONS SDN BHD ("DIGITEL") AND CELCOM MOBILE SDN BHD ("CELCOM MOBILE"), WHOLLY OWNED SUBSIDIARIES OF CELCOMDIGI ("PROPOSED SUBSCRIPTION") |
|
We refer to our announcement on 7 October 2022 and Axiata Group Berhad’s (“Axiata”) announcement on the same date in respect of the Proposed Subscription.
TERMINATION OF PROPOSED SUBSCRIPTION
DigiTel and Celcom Mobile had each entered into a Share Subscription Agreement with DNB on 7 October 2022 (collectively, the “SSA”). CelcomDigi hereby announce that both DigiTel and Celcom Mobile have terminated their respective SSA with DNB effective on 3 May 2023, as the long stop date to fulfil all the conditions precedent under the SSA has lapsed.
The termination of the SSA is not expected to have any significant effect on earnings, net assets and gearing of CelcomDigi group for the financial year ending 31 December 2023.
This announcement is dated 3 May 2023. |
|
| Company Name | CELCOMDIGI BERHAD |
| Stock Name | CDB |
| Date Announced | 03 May 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03052023-00053 |
