04/14/2021 | Press release | Distributed by Public on 04/14/2021 20:51
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
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.
|Company Name||AIRASIA GROUP BERHAD|
|Date Announced||14 Apr 2021|
|Category||General Announcement for PLC|