| Type | Announcement |
| Subject | DiGi.COM BERHAD (“DiGi”) PROPOSED ALLIANCE BETWEEN DiGi, DiGi TELECOMMUNICATIONS SDN BHD (“DiGi TELECOM”), TIME DOTCOM BERHAD AND TT DOTCOM SDN BHD (“TDSB”) (COLLECTIVELY THE “PARTIES”) WHICH INVOLVES THE: - PROPOSED TRANSFER OF THE SPECTRUM ASSIGNMENT NO. SA/01/2006 OVER THE FREQUENCY BANDS OF 1965MHZ-1980MHZ, 2155MHZ-2170MHZ AND 2010MHZ-2015MHZ TO DiGi TELECOM TO BE SATISFIED VIA THE ISSUANCE OF 27,500,000 NEW ORDINARY SHARES OF RM0.10 EACH IN DiGi (“DiGi SHARES”) CREDITED AS FULLY PAID-UP TO TDSB OR ITS NOMINEES (“PROPOSED TRANSFER”); AND - PROPOSED JOINT BUSINESS PLANNING EXERCISE BETWEEN THE PARTIES (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
On behalf of DiGi, CIMB Investment Bank Berhad wishes to announce that following the receipt of Bursa Malaysia Securities Berhad’s approval-in-principle for the listing of and quotation for 27,500,000 new DiGi Shares to be issued in respect of the Proposed Transfer, the Parties have today exchanged letters confirming that the Definitive Agreement dated 25 January 2008 has become unconditional.
This announcement is dated 24 April 2008.
| Company Name | DIGI.COM BERHAD |
| Stock Name | DIGI |
| Date Announced | 24 Apr 2008 |
| Category | General Announcement |
| Reference No | MM-080424-40278 |
