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Axiata Sees Continued Support from Shareholders at AGM

2016-05-25

Kuala Lumpur, 25 May 2016 - Shareholders of Axiata Group Berhad ("Axiata"), today approved all twelve resolutions tabled at its 24th Annual General Meeting ("AGM") and showed continued strong support of the Group’s long term business strategies and plans.

Axiata Chairman, Tan Sri Dato' Azman Hj. Mokhtar said, "We are pleased with the outcome of the AGM and I would like to thank our shareholders for the continued support they have given to us over the years. With the backing of our shareholders, Axiata now ranks amongst the largest regional telecommunication groups in the region. We hope to continue in this direction and further unlock greater value for our shareholders.”

Echoing this, Dato' Sri Jamaludin Ibrahim, President & Group Chief Executive Officer of Axiata added, "We are pleased to receive the endorsement from our shareholders and their continued support of our vision and business strategies. While we achieved our vision of being Regional Champion last year, the Group remains focused on building on its strengths as we progress towards reshaping ourselves as a New Generation Digital Company.”

At the AGM, the following were amongst the resolutions tabled and subsequently approved by shareholders:-

Re-election of Directors and Re-appointment of Directors
Dato’ Sri Jamaludin Ibrahim and Bella Ann Almeida both retiring by rotation, were re-elected as Directors by shareholders. Tan Sri Ghazzali Sheikh Abdul Khalid and Datuk Azzat Kamaludin, both aged 70, were both also re-appointed.

Re-appointment of Auditors
Shareholders also approved the re-appointment of PricewaterhouseCoopers as the Auditors of the Company for FY2016.

Proposed Dividend Reinvestment Scheme
Shareholders also approved the annual renewal of authority for Directors to issue Axiata shares under the Dividend Reinvestment Scheme (DRS). The DRS, approved earlier in 2014, provides shareholders with the option to elect to reinvest in whole, or in part, their cash dividend in new Axiata shares.

Under the DRS, shareholders can elect to reinvest in whole, or in part, the Electable Portion of dividends declared by Axiata of which the DRS applies, at the issue price for new Axiata shares. In the event that only part of the Electable Portion is reinvested, shareholders shall receive the remaining portion of the dividends in cash.

The application of the DRS to the final dividend is expected to benefit the Group from a capital management standpoint whereby the reinvestments of dividends will enlarge Axiata's share capital base and strengthen Axiata's share position. It is also expected to improve the liquidity of Axiata shares on the Main Market of Bursa Securities.

Dividends
Shareholders approved the final dividend of 12 sen for FY2015. In light of Axiata’s higher revenue and overall performance of the Group, the Board of Directors declared a final dividend under a single tier system of 85% dividend payout ratio and 20 sen dividend per ordinary share of RM1 each in Axiata, which includes interim dividend of 8 sen per share paid in 2015.

Other Matters
Juan Villalonga Navarro, an Independent Non-Executive Director, who retires by rotation at this AGM, did not submit himself for re-election. The Chairman and Board of Axiata thanked and expressed their gratitude to Juan for his contribution to the Group over the last eight years.

 

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About Axiata
As one of the largest Asian telecommunication companies, Axiata today operates in ten countries, servicing approximately 290 million subscribers. With a diverse portfolio in mobile network operations, communications infrastructure services and digital services, the Group pieces together the best in connectivity, technology and people in its vision of Advancing Asia.

Axiata has controlling stakes in market leading mobile operators in South East Asia and South Asia. Axiata Group of companies operate under the brand name of ‘Celcom’ in Malaysia, ‘XL’ in Indonesia, ‘Dialog’ in Sri Lanka, ‘Robi’ in Bangladesh, ‘Smart’ in Cambodia and 'Ncell' in Nepal. Further to this, the Group also holds strategic interests in ‘Idea’ in India and ‘M1’ in Singapore.

‘edotco’, the Group’s infrastructure company, operates in six countries to deliver telecommunications infrastructure services, amassing a portfolio of over 16,000 towers and 12,000 km of fibre. It aims to be one of the top regional tower companies and is committed to responsible and sustainable business operations.Axiata Digital (AD), its digital services arm, captures the rapid growth in internet-based businesses through its portfolio of 24 digital brands, servicing growing demands in mobile money, mobile adverting, e-commerce, entertainment and education.

As a committed and long-term investor, Axiata provides employment to 25,000 people within its operations. In line with its sustainability goals, the Group actively supports and drives young talent development; disaster response and recovery; as well as green initiatives.