News


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

BackApr 14, 2021
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

AIRASIA GROUP BERHAD ("AAGB" OR THE "COMPANY")

PROPOSED ACQUISITION BY AAGB OF THE REMAINING 1,665,000 ORDINARY SHARES IN BIGLIFE SDN BHD ("BIGLIFE"), REPRESENTING 20.00% OF THE EQUITY INTEREST IN BIGLIFE, FROM AIMIA HOLDINGS UK II LIMITED ("AIMIA") FOR A PURCHASE CONSIDERATION OF RM103,037,500 TO BE SATISFIED WHOLLY VIA THE ISSUANCE OF 85,864,583 NEW ORDINARY SHARES OF AAGB AT AN ISSUE PRICE OF RM1.20 PER SHARE ("PROPOSED ACQUISITION")

The terms used herein shall have the same meaning as those defined in the announcement made on 22 March 2021 unless otherwise stated.

We refer to the announcement dated 22 March 2021 in relation to the memorandum of understanding entered into between AAGB and AIMIA in relation to the Proposed Acquisition.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 14 April 2021, entered into a share sale and purchase agreement ("SSPA”) with AIMIA for the proposed acquisition of the remaining 1,665,000 ordinary shares in BigLife, representing 20% of the equity interest in BigLife, from AIMIA for a purchase consideration of RM103,037,500 to be satisfied wholly via the issuance of 85,864,583 new ordinary shares of AAGB at an issue price of RM1.20 per share.

Please refer to the attachment for further details of the SSPA.

 

This announcement is dated 14 April 2021.



Please refer attachment below.

 


Announcement Info

Company Name AIRASIA GROUP BERHAD
Stock Name AIRASIA
Date Announced 14 Apr 2021
Category General Announcement for PLC
Reference Number GA1-13042021-00080



Attachments

  1. AirAsia_Group_Berhad_-_Proposed_Acquisition_(14_April_2021).pdf (Size: 328,231 bytes)