Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Malaysia
  4. BURSA MALAYSIA
  5. Digi.Com Berhad
  6. News
  7. Summary
    DIGI   MYL6947OO005

DIGI.COM BERHAD

(DIGI)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions

06/21/2021 | 10:49pm EDT

DIGI.COM BERHAD ('DIGI' OR 'COMPANY')

(I) PROPOSED MERGER OF CELCOM AXIATA BERHAD ('CELCOM') AND DIGI ('PROPOSED MERGER'); AND

(II) PROPOSED EXEMPTION UNDER PARAGRAPH 4.08(1)(A) OF THE RULES ON TAKE OVERS, MERGERS AND COMPULSORY ACQUISITIONS ('RULES') FOR AXIATA GROUP BERHAD ('AXIATA') AND PERSONS ACTING IN CONCERT ('PAC') WITH IT, FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER TO ACQUIRE THE REMAINING ORDINARY SHARES IN DIGI NOT ALREADY OWNED BY IT AND ITS PACs UPON COMPLETION OF THE PROPOSED MERGER ('PROPOSED EXEMPTION')

(THE ABOVE ARE TO BE COLLECTIVELY REFERRED TO AS THE 'PROPOSALS')

We refer to Digi's announcement dated 8 April 2021 in relation to the discussions between Telenor ASA ('Telenor'), the parent company of Digi's largest shareholder, Telenor Asia Pte Ltd ('Telenor Asia') and Axiata to merge the telco operations of Celcom and Digi, in which Telenor and Axiata will have an equal ownership of 33.10% each in the merged company, as well as the indicative total cash sum to be received by Axiata.

On behalf of the Board of Directors of Digi, CIMB Investment Bank Berhad wishes to announce that Digi has on 21 June 2021 entered into a conditional share purchase agreement with Axiata for the Proposed Merger ('SPA').

In conjunction with the Proposed Merger, Axiata will also seek an exemption from the Securities Commission Malaysia under Paragraph 4.08(1)(a) of the Rules from the obligation to undertake a mandatory take-over offer to acquire the remaining ordinary shares in Digi not already owned by it and its PACs, which will include Telenor Asia and its holding companies, pursuant to the Proposed Merger.

Please refer to the attached announcement for further details of the Proposals.

This announcement is dated 21 June 2021.

Disclaimer

Digi.com Bhd published this content on 21 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2021 02:48:07 UTC.


© Publicnow 2021
All news about DIGI.COM BERHAD
07/26DIGI COM BERHAD : Changes In Sub. S-hldr's Int (Section 138 Of CA 2016) - Employ..
PU
07/16Digi.Com Berhad Reaffirms Earnings Guidance for the Fiscal Year 2021
CI
07/16Digi.Com Berhad Declares Second Interim Tax Exempt (Single-Tier) Dividend for..
CI
07/16Digi.Com Berhad Reports Earnings Results for the Second Quarter Ended June 30..
CI
07/12DIGI COM : Changes In Sub. S-hldr's Int (Section 138 Of CA 2016) - Employees Pro..
PU
07/01Digi.Com Berhad Announces Appointment of Lars Erik Tellmann as Non Independen..
CI
07/01Digi.Com Berhad Announces Resignation of Miss Randi Wiese Heirung as Non Inde..
CI
07/01Digi.Com Berhad Announces Resignation of Miss Randi Wiese Heirung as Non Inde..
CI
06/30DIGI COM : Changes In Sub. S-hldr's Int (Section 138 Of CA 2016) - Employees Pro..
PU
06/28DIGI COM : Changes In Sub. S-hldr's Int (Section 138 Of CA 2016) - Employees Pro..
PU
More news
Financials
Sales 2021 6 060 M 1 437 M 1 437 M
Net income 2021 1 163 M 276 M 276 M
Net Debt 2021 4 987 M 1 182 M 1 182 M
P/E ratio 2021 27,7x
Yield 2021 3,61%
Capitalization 32 266 M 7 611 M 7 650 M
EV / Sales 2021 6,15x
EV / Sales 2022 6,01x
Nbr of Employees 1 473
Free-Float 23,2%
Chart DIGI.COM BERHAD
Duration : Period :
Digi.Com Berhad Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DIGI.COM BERHAD
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Last Close Price 4,15 MYR
Average target price 4,25 MYR
Spread / Average Target 2,35%
EPS Revisions
Managers and Directors
Albern Murty Chief Executive Officer
Inger Gløersen Folkeson Chief Financial Officer
Hakon Bruaset Kjoel Chairman
Kesavan Sivabalan Chief Technology Officer
Yasmin binti Aladad Khan Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
DIGI.COM BERHAD0.24%7 776
SOFTBANK CORP.10.56%61 619
CELLNEX TELECOM, S.A.27.40%43 951
BHARTI AIRTEL LIMITED10.33%41 903
SAFARICOM PLC22.48%15 444
MTN GROUP LIMITED72.89%12 846