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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")

BackMay 31, 2021
Type Announcement
Subject OTHERS
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 announcements made on 22 March 2021 and 14 April 2021 unless otherwise stated.

We refer to the announcements dated 22 March 2021, 14 April 2021, 7 May 2021 and 25 May 2021 in relation to the Proposed Acquisition.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company and AIMIA had via a letter dated 28 May 2021 mutually agreed in writing to extend the Cut-Off Date to 21 June 2021 to fulfil the condition relating to the passing at a general meeting of AAGB of the requisite resolution to approve the issuance of the Consideration Shares for the Proposed Acquisition upon the terms and conditions of the SSPA.

Save for the above, all other terms and conditions of the SSPA remain unchanged.

 

This announcement is dated 28 May 2021.





Announcement Info

Company Name AIRASIA GROUP BERHAD
Stock Name AIRASIA
Date Announced 28 May 2021
Category General Announcement for PLC
Reference Number GA1-28052021-00094