Bursa Filings


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 ("ACQUISITION")

Back Jun 21, 2021
Type Announcement
Subject OTHERS
Description

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

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 ("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, 25 May 2021, 28 May 2021 and 17 June 2021 in relation to the Acquisition.

 

On behalf of the Board, RHB Investment Bank wishes to announce that all the Conditions to the SSPA have today been fulfilled and accordingly, the SSPA has become unconditional.

 

The listing of and quotation for the 85,864,583 Consideration Shares to be allotted and issued as well as completion of the Proposed Acquisition, will be announced in due course.

 

 

This announcement is dated 21 June 2021.





Announcement Info

Company Name AIRASIA GROUP BERHAD
Stock Name AIRASIA
Date Announced 21 Jun 2021
Category General Announcement for PLC
Reference Number GA1-21062021-00119