Asset Acquisitions and Disposals::Proposed Acquisition of a Majority Interest in the Broadband Business of MyRepublic Limited

Published: 2021-09-21 23:12:31 ET CC3.SI

STARHUB LTD

(Incorporated in the Republic of Singapore)

(Company Registration No. 199802208C)

ANNOUNCEMENT

PROPOSED ACQUISITION OF A MAJORITY INTEREST IN THE BROADBAND BUSINESS OF

MYREPUBLIC LIMITED

1. INTRODUCTION

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2. Information on the Parties

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3. PRINCIPAL TERMS OF THE PROPOSED TRANSACTION

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Pursuant to the terms of the Share Purchase Agreement, MR GroupCo shall use its reasonable endeavours to ensure the satisfaction of the Conditions and the Purchaser shall use its reasonable endeavours to ensure the satisfaction of the Conditions listed above (other than the Conditions in paragraphs (h), (j), (k), (l), (n) and (o)), in each case, as soon as possible and in any event by 31 March 2022 or such other date as may be agreed in writing between the Purchaser and MR GroupCo (the "Cut-Off Date").

The Purchaser may at any time waive in whole or in part and conditionally or unconditionally any of the Conditions set out in paragraphs (e) and (i) to (o) by notice in writing to MR GroupCo. The Purchaser and MR GroupCo may waive any of the other Conditions by mutual agreement.

If the Conditions are not satisfied or waived on or before the Cut-Off Date, save as expressly provided in the Share Purchase Agreement, each of MR GroupCo or the Purchaser may, in its absolute discretion, terminate the Share Purchase Agreement by giving notice to the other parties.

3.3 Consideration. The consideration for the Sale Shares (the "Acquisition Consideration") was arrived at on a willing seller willing buyer basis after taking into account the historical financial performance and growth potential of the MR Singapore Broadband Business. The Acquisition Consideration will be funded by the Purchaser using internal cash resources.

Pursuant to the terms of the Share Purchase Agreement, the amount of the Acquisition Consideration shall be the aggregate of the following:

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Disclaimer

StarHub Ltd. published this content on 22 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2021 03:11:05 UTC.