We refer to Financial Services Authority Directive Number 31/POJK.04/2015 dated 16 December 2015, regarding Disclosure of Material Information or Facts by Issuers or Public Companies ("POJK 31") as has been announced on the website of PT Bursa Efek Indonesia ("IDX") on 6 December 2017.
We, hereby, for and on behalf of PT Sarana Menara Nusantara Tbk., are submitting an additional Report on Information or Material Facts as described below.
|Name of Issuer or Public Company||:||PT Sarana Menara Nusantara Tbk. (the "Company")|
|Scope of Business||:||Providing services, except services in the field of law and tax industry and invest in other companies.|
|1.||Date of Event||4 December 2017.|
|2.||Type of Material Information or Facts||The Company’s intention to distribute an interim cash dividend to its Shareholders for the financial year 2017 (for the period of 1 January 2017 – 30 September 2017) ("Proposed Interim Cash Dividend Distribution").|
|3.||Description of Material Information or Facts||
The Company intends to distribute the interim cash dividend to the Shareholders for the financial year 2017 (for the period of 1 January 2017 – 30 September 2017).
The Proposed Interim Cash Dividend Distribution is conducted with regards to Article 72 paragraph (1) and (4) of Law Number 40 Year 2007 regarding Limited Liabilities Companies (“Company Law”) and Article 24 paragraph (5) of the Company’s articles of association: (i) The Company may distribute an interim dividend before the end of a fiscal year and (ii) an interim dividend distribution can be stipulated with resolution of the Board of Directors after obtaining the approval of Board of Commissioners.
The interim dividend is distributed under the condition that the Company’s total net assets is not less than the total subscribed and paid up capital plus the mandatory reserve fund.
Based on the calculation that has been carried out and, with consideration of among others the financial condition and future business plans of the Company, the amount of the cash interim dividend that will be distributed is in the amount of IDR30 (thirty Rupiah) per share.
|4.||Impact of event, material information or facts on operational activities, legal, financial condition or business continuity of Issuer or Public Company||As disclosed in point 3 (three) above, the implementation of the Proposed Interim Cash Dividend Distribution, does not materially impact the operational activities, legal, financial condition, or business sustainability of the Company as the Proposed Interim Cash Dividend Distribution conducted by the Company is reasonable and is in accordance with the Company Law and the Company’s Articles of Association.|
CLICK HERE to download the Announcement on the Schedule and Procedure for Distribution of Interim Cash Dividends for Financial Year 2017