Stock Exchange
Announcement

Capital Management Initiatives By Digi And Its Subsidiary

Back Nov 01, 2011
Type Announcement
Subject OTHERS
Description DiGi.COM BERHAD ("DiGi")
CAPITAL MANAGEMENT INITIATIVES BY DiGi AND ITS SUBSIDIARY
We refer to the announcement dated 8 September 2011 in relation to the Proposed Capital Distribution by DiGi Telecommunications Sdn Bhd, a wholly owned subsidiary of DiGi ("DiGiTel").
On behalf of the Board of Directors of DiGi, Hong Leong Investment Bank Berhad is pleased to announce that DiGiTel has on 1 November 2011 issued 100,000 redeemable preference shares ("RPS") to DiGi. The RPS will be redeemed by DiGiTel on 7 March 2012. Upon redemption of the RPS, DiGi will receive cash proceeds of approximately RM509 million and is expected to distribute such amount (less expenses) to the shareholders of DiGi by the first half of 2012, barring any unforeseen circumstances.

This announcement is dated 1 November 2011.

 


Announcement Info

Company Name DIGI.COM BERHAD  
Stock Name DIGI    
Date Announced 1 Nov 2011  
Category General Announcement
Reference No ML-111101-55330

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