KUALA LUMPUR: CelcomDigi Bhd
and Maxis Bhd said they have received a put option notice from the Minister of Finance Inc (MoF Inc), requiring them, together with YTL Power International Bhd, to purchase MoF Inc’s ordinary shares in Digital Nasional Bhd (DNB) under the terms of the shareholders agreement (SHA).
In a filing with Bursa Malaysia, CelcomDigi said the put option notice issued on Dec 1 requires CelcomDigi, Maxis and YTL to purchase MoF Inc’s shares in DNB and take over its related loans, including accrued interest and the additional shareholder advance.
“The option price to be paid by each investor shareholder is RM327.87mil. Completion of the put option shall be within two months from the date of the put notice,” it said.
In a separate filing, Maxis said the notice similarly requires Maxis Broadband to acquire MoF Inc’s stake in DNB and assume its outstanding loan obligations on an equal basis.
It added that the option price payable by each investor shareholder is RM327.87mil.
“Each investor shareholder has been granted a period of two months upon receipt of the notice from MoF Inc. to complete the exercise of the put option,” Maxis said.
