24 February 2009
| Type | Announcement |
| Subject | TELEKOM MALAYSIA BERHAD ("TM") (I) PROPOSED CAPITAL REPAYMENT TO SHAREHOLDERS OF APPROXIMATELY RM3,505.8 MILLION (“PROPOSED CAPITAL REPAYMENT”); AND (II) PROPOSED EXTENSION OF THE DURATION OF THE EXERCISE PERIOD OF TM’S EMPLOYEE SHARE OPTION SCHEME (“ESOS”) BY AN ADDITIONAL YEAR (“PROPOSED ESOS EXTENSION”) (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
| Contents | On 16 February 2009, TM International Berhad (“TMI”) informed TM that it undertakes to pay the amount owing from TMI to TM of RM4,025.0 million, and any interest earned on the monies in accordance with the terms of the Demerger Agreement dated 10 December 2007, by 24 April 2009. In view of the anticipated payment from TMI, on behalf of the Board of Directors (“Board”) of TM, CIMB Investment Bank Berhad is pleased to announce that TM proposes to carry out a proposed capital repayment to shareholders of approximately RM3,505.8 million. The Board of TM also approved the proposed extension of the duration of the exercise period of TM’s ESOS by an additional year. Please refer to the attachment for the full announcement. |
| Company Name | TELEKOM MALAYSIA BERHAD |
| Stock Name | TM |
| Date Announced | 24 Feb 2009 |
| Category | General Announcement |
| Reference No | MM-090224-54264 |
Attachments