News

1.0.            INTRODUCTION

The Company is pleased to announce that today, its wholly-owned subsidiary, Prestariang Systems Sdn Bhd (“PSSB”) had received the Letter of Award (“LOA”) dated 21 January 2015 from the Ministry of Finance (“MOF”) to appoint PSSB to be the Microsoft Licensing Solution Partner (“LSP”) to provide Microsoft software under the Master Licensing Agreement (MLA) 2.0 to all Government Agencies in Malaysia. The contract is over the course of three (3) years effective from 1 February 2015 until 31 January 2018.

2.0.            INFORMATION ON SUPPLY OF MICROSOFT SOFTWARE & SERVICES UNDER MLA 2.0

MLA is an initiative by the Ministry of Finance that is aligned to the strategic ICT thrust of the Government. The focus of MLA 2.0 is to provide a licensing framework to better manage the procurement and utilisation of software license, streamlined administration and the budgeting of software procurement. The outcome is to enable a Standard Operating Environment (SOE) to be adopted which facilitates Microsoft software procurement, usage, maintenance, support and management by all government agencies.

PSSB share the Government’s vision and has taken a holistic approach to the Microsoft license investment by packaging a total solution with value added services, outreach programs and governance.

3.0.           RISKS FACTORS

The Company does not foresee any exceptional risk other than the normal operational risks associated with the LOA. The Company will take the necessary steps to mitigate the risks as and when it occurs.

4.0.           FINANCIAL EFFECTS

The supply of Microsoft software and services is aligned with Prestariang’s core business activities in providing software licence distribution and management services.   

The LOA is expected to contribute positively towards the growth of the Company.

The LOA will not have any effect on the share capital and substantial shareholders’ shareholding of Prestariang.

5.0.            APPROVALS REQUIRED

The LOA does not require the approval of the Company’s shareholders or any relevant government authorities.

6.0.            DIRECTORS’ AND/OR SUBSTANTIAL SHAREHOLDERS’ INTEREST

None of the Directors and/or major shareholders or any person connected to the Directors and/or major shareholders of Prestariang has any interest, either direct or indirect in the LOA.

7.0.            DIRECTORS’ STATEMENT 

The Board of Directors of Prestariang is of the opinion that the LOA is in the ordinary course of business and in the best interest of Prestariang.

This announcement is dated 23 January 2015.