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Proposed Investment In Digital Nasional Berhad ("Proposed Investment")
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May 13, 2025
| Type | Announcement | ||||||||||||||||||
| Subject | OTHERS |
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| Description | Maxis Berhad ("Maxis") : Proposed Investment in Digital Nasional Berhad ("Proposed Investment") | ||||||||||||||||||
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We refer to the announcements dated 1 December 2023, 20 June 2024 and 28 June 2024 in relation to the Proposed Investment. Unless otherwise defined, the definitions as set out in the announcements shall apply herein.
Maxis Broadband has agreed to vary the Shareholders Agreement in the manner set out herein. Maxis Broadband agrees to acquire from U Mobile Sdn Bhd (“U Mobile”) 33,333 of its ordinary shares, for a consideration of RM1.00 per share. Upon completion, the agreed proportion of the issued share capital in DNB will be as follows:
MoF Inc. shall exercise its put option to sell its ordinary shares and transfer its shareholder advance in DNB within one month after 12 November 2025, or such other periods as MoF Inc, YTL, CelcomDigi and Maxis Broadband may agree in writing (“Extended Put Option”). In the event MoF Inc. fails to exercise the put option within the said period, the put option shall lapse. YTL, CelcomDigi and Maxis Broadband may exercise its call option within one month after the lapse of the Extended Put Option, failing which the call option shall lapse. The Proposed Investment is not expected to have any material effect to the earnings per share, net assets per share and gearing of Maxis Group for the financial year ending 31 December 2025. Any further material development on the matter will be updated accordingly. This announcement is dated 13 May 2025. |
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Announcement Info
| Company Name | MAXIS BERHAD |
| Stock Name | MAXIS |
| Date Announced | 13 May 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13052025-00018 |