NEVER A DULL MOMENT - Maxis

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MAXIS BERHAD ANNUAL REPORT 2009 | 187 ADDITIONAL DISCLOSURES (CONTINUED) Consideration passing to or from the Company or any other corporation in the group Mode of satisfaction of consideration Relationship between director or major shareholder and contracting party (if director or major shareholder is not contracting party) The consideration passing from the Company is the fulfilment of certain obligations undertaken by the Company under the agreement. The proceeds from the sale goes to MCB and not the Company. Fulfilment of obligations. MCB is a major shareholder of the Company Please see Note 1 below for further details on the relationship The consideration of each party for the agreement is the exchange of promises and a cash payment of RM10 payable by the Company. On the part of the Company, the consideration given is the exchange of promises. The underwriting commission is not payable by the Company, but by MCB. Fulfilment of promises and cash of RM10. Fulfilment of promises. MCB is a major shareholder of the Company Please see Note 1 below for further details on the relationship MCB is a major shareholder of the Company Please see Note 1 below for further details on the relationship Consideration passing from MCB to MMS Cash MMS is a wholly-owned subsidiary of the Company and MCB is a major shareholder of the Company Please see to Note 1 below for further details on the relationship Consideration passing from the Company to MCB. Consideration satisfied via an issue of 7,499,999,998 new ordinary shares of RM0.10 each in the Company and cash of RM3,465.6 million. MCB is a major shareholder of the Company Please see Note 1 below for further details on the relationship
188 | MAXIS BERHAD ANNUAL REPORT 2009 ADDITIONAL DISCLOSURES (CONTINUED) No. Contract Date Parties General Nature 8. Sale And Purchase Of Shares Agreement 10 September 2009 The Company MCB Purchase by the Company of 100% equity interest held by MCB in Maxis Collections Sdn. Bhd., Maxis Mobile Sdn. Bhd., Maxis Multimedia Sdn. Bhd. and Maxis International Sdn. Bhd. and 75% equity interest in Advanced Wireless Technologies Sdn. Bhd. (“AWT”) for an aggregate cash consideration of RM342.3 million. In conjunction with the purchase by the Company from MCB of the 75% equity interest in AWT, the Company entered into a deed of accession involving the Company, MCB, AWT and MBNS Multimedia Technologies Sdn Bhd (“MMT”) pursuant to which the Company became a party (in place of MCB) to the shareholders’ agreement previously entered into between MCB, MMT and AWT. 9. Deed of Novation 28 September 2009 Maxis Mobile Sdn Bhd (“MM”) MCB ABV Novation by MM to MCB of all its rights, duties, obligations and liabilities under the USD124.0 million loan provided by MM to ABV (under which there is an outstanding amount of USD123.9 million as at the date of the Deed of Novation) and other arrangements relating to amounts owing by ABV to MM as adjusted as at 30 September 2009. This agreement was entered into in conjunction with the restructuring exercise undertaken by the Company and its subsidiaries prior to the IPO (“Pre-Listing Restructuring”). 10. Deed of Novation 28 September 2009 Maxis Mobile (L) Ltd. (“MML”) MM Global Communication Services Holdings Limited (“GCSHL”) Novation by MML to MM of all its rights, duties, obligations and liabilities under the USD507.6 million loan provided by MML to GCSHL (under which there is an outstanding loan amount of USD505.1 million). This agreement was entered into in conjunction with the Pre-Listing Restructuring.
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NEVER A DULL MOMENT - Maxis

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