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Share transfer, licensing and termination agreement |
| Type | : | Announcement | | Subject | : | NEXTNATION COMMUNICATION BERHAD (“Nextnation” or “Company”)
- Share transfer, licensing and termination agreement entered into between Often Reach Investments Limited (“Often Reach”), Jumpstart Investments Limited (“Jumpstart”) and Godynamic Investments Limited (“Godynamic”), a subsidiary of Nextnation (“Agreement”) | Contents :
Further to our announcement dated 22 March 2006, 13 April 2006, 23 May 2006, 22 August 2006 and 9 July 2007, the Board of Directors of Nextnation is pleased to announce that the share transfer pursuant to the terms and conditions of the Agreement from Godynamic to Jumpstart has been completed on 15 August 2007 (the “Completion Date” or “Effective Date”).
Accordingly, the following agreements are deemed to have been terminated with effect from the Effective Date: - the Jumpstart Subscription Agreement
- the Godynamic Subscription Agreement; and
- the Shareholders' Agreement
This announcement is dated 15 August 2007.
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