Stock Exchange
Announcement

Proposed alliance between DiGi,DiGi Telecommunications Sdn Bhd ("DiGi TELECOM"), TIME DOTCOM Berhad and TT DOTCOM Sdn Bhd ("TDSB")

Back May 06, 2008
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:

- 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 (“
CONSIDERATION SHARES”) CREDITED AS FULLY PAID-UP TO TDSB OR ITS
NOMINEES (“TRANSFER”); AND

- JOINT BUSINESS PLANNING EXERCISE BETWEEN THE PARTIES

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Contents :

We refer to the announcements made on 25 January, 25 February, 6 March, 12 March, 24 March, 11 April, 18 April and 24 April 2008 in relation to the Proposals.


On behalf of DiGi, CIMB Investment Bank Berhad (“CIMB”) wishes to announce that the Parties have mutually agreed that completion of the definitive agreement between the Parties dated 25 January 2008 in respect of the Transfer will take place on 7 May 2008.

Subsequent to the above, CIMB will, on behalf of DiGi, make an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) to list and quote the Consideration Shares on the Main Board of Bursa Securities.

This announcement is dated 6 May 2008.

 


Announcement Info

Company Name DIGI.COM BERHAD  
Stock Name DIGI    
Date Announced 6 May 2008  
Category General Announcement
Reference No MM-080506-66878

 

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