Transactions (Chapter 10 of Listing Requirements) : Recurrent Related Party Transactions
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
AIRASIA X BERHAD ("AAX" or "the Company") - RECURRENT RELATED PARTY TRANSACTION ("RRPT)
The Company wishes to announce that the actual value of the following RRPT has exceeded the estimated value of the RRPT disclosed in the Circular to Shareholders dated 13 May 2015 of AAX (“Estimated Value”):-
The reason for the variance between the actual amount charged and the estimated value was due to the increase of sales for the Company’s flight tickets which resulted in higher sales of AirAsia Insure and commission paid out to the Company subsequent to the shareholders’ mandate obtained in 4 June 2015.
This announcement is dated 23 February 2016.
|Company Name||AIRASIA X BERHAD|
|Date Announced||23 Feb 2016|
|Category||General Announcement for PLC|