Contents :
1. Introduction
The Board of Directors of DiGi wishes to announce that the Company proposes to seek approval of its shareholders for the Proposed Renewal of Existing Shareholders' Mandate For Recurrent Related Party Transactions of a Revenue or Trading Nature and Proposed New Shareholders’ Mandate For Additional Recurrent Related Party Transactions of a Revenue or Trading Nature to be entered with Telenor ASA ("Telenor") and Persons Connected with Telenor ("Proposed Shareholders’ Mandate") at the forthcoming Tenth Annual General Meeting ("10th AGM").
2. Proposed Shareholders’ Mandate
Pursuant to Paragraph 10.09 of the Bursa Malaysia Securities Berhad Listing Requirements ("the Listing Requirements"), the Company intends to seek the approval of its shareholders for the Proposed Renewal of Existing Shareholders' Mandate For Recurrent Related Party Transactions of a Revenue or Trading Nature and Proposed New Shareholders’ Mandate For Additional Recurrent Related Party Transactions of a Revenue or Trading Nature to be entered with Telenor ASA ("Telenor") and Persons Connected with Telenor ("Proposed Shareholders’ Mandate") at the forthcoming Annual General Meeting ("AGM") of the Company.
At the 9th AGM held on 19 May 2006, the shareholders of the Company had granted a mandate for the Company and its subsidiaries to enter into recurrent related party transactions. In accordance with paragraph 4.1.4 of Practice Note 12/2001 of the Listing Requirements, this shareholders' mandate unless revoked or varied by the Company in a general meeting is expiring at the conclusion of the forthcoming AGM. The Company is proposing to seek renewal of the existing mandate for Recurrent Related Party Transactions of a revenue or trading nature and new mandate for additional Recurrent Related Party Transactions of a revenue or trading nature at the forthcoming AGM.
