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Transactions (Chapter 10 Of Listing Requirements) : Recurrent Related Party Transactions Airasia Berhad ("AAB" Or "The Company") - Recurrent Related Party Transaction ("RRPT")

BackMay 11, 2015

 

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description

AIRASIA BERHAD ("AAB" or "the Company") - RECURRENT RELATED PARTY TRANSACTION ("RRPT")

 

The Company wishes to announce that the actual value of the following RRPT has exceeded the estimated value of the RRPT disclosed in the Circular to Shareholders dated 12 May 2014 of AAB (“Estimated Value”):-

Related Party

Nature of Transaction

Estimated Value

(RM)

Actual value of RRPT up to 11 May 2015

(RM)

Variance (RM)

Variance (%)

AirAsia X Berhad (“AAX”)

Shared services in relation to the respective AAX employees whose services are also provided to the Company

750,000

1,183,000

433,000

57.73

The reason for the variance between the actual amount charged and the estimated value was due to additional scope of work undertaken therefore resulting in additional employees employed by AAX for the Company subsequent to the shareholders’ mandate obtained in June 2014.

 

This announcement is dated 11 May 2015.

 




Announcement Info

 

Company Name AIRASIA BERHAD
Stock Name AIRASIA
Date Announced 11 May 2015
Category General Announcement for PLC
Reference Number GA1-11052015-00106