TDCX FORMS SPECIAL COMMITTEE TO REVIEW CEO'S PRELIMINARY NON-BINDING PROPOSAL

KUALA LUMPUR, Jan 4 (Bernama) -- TDCX Inc (TDCX) announced its board of directors (Board) has received a preliminary non-binding proposal letter (Proposal Letter), dated Jan 2, from the company’s Founder, Executive Chairman, Director, Chief Executive Officer, and ultimate beneficial owner, Laurent Junique.

Junique has proposed to acquire all of the outstanding ordinary shares of the company (Ordinary Shares), including the Class A ordinary shares represented by the American Depositary Shares of the Company (ADSs) that he does not already own for a proposed purchase price of US$6.60 per Ordinary Share or ADS in cash (Proposed Transaction). (US$1=RM4.64)

In a statement, TDCX said it has formed a special committee of the Board, comprised solely of independent and disinterested directors, to consider the Proposal Letter and the Proposed Transaction and make recommendation to the Board.

The Board expects that the special committee will retain independent legal and financial advisors to assist in the review of the Proposed Transaction.

The company cautions that the Board has just received the Proposal Letter and has not made any decisions with respect to the Proposal Letter and the Proposed Transaction.

There can be no assurance that the Founder will make any definitive offer to TDCX, that any definitive agreement relating to the Proposal Letter will be entered into between the company and the Founder, or that the Proposed Transaction or any other similar transaction will be approved or consummated.

TDCX does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.

Singapore-headquartered TDCX helps clients achieve their customer experience aspirations by harnessing technology, human intelligence and its global footprint.

-- BERNAMA