Transaction valued at Rp.4.763 billion (US$528 million)
PT Tricipta Mandhala Gumilang ("TMG") and PT Caturguwiratna Sumapala ("CGS" and together with TMG, the "Vendors") have placed out 396,893,000 ordinary shares of PT Sarana Menara Nusantara Tbk ("SMN"), which represents an approximate 38.9% interest in SMN, to a number of investors including institutional and financial portfolio investors and management, management advisors and their affiliates. SMN is the IDX-listed holding company of PT Profesional Telekomunikasi Indonesia, the largest independent owner and operator of towers for wireless communications companies in Indonesia.
The shares were placed out at a price of Rp. 12,000 per SMN share.
Following completion of the placement, the Vendors' ownership in SMN, in aggregate, will decrease from approximately 89% to 50.1%.
Credit Suisse and CLSA acted as joint placement agents for the Vendors.
SMN completed an IPO of its shares on 8 March 2010. It is now listed on the Indonesia Stock Exchange ("IDX") under the symbol "TOWR".
For more information about SMN, you may send an e-mail to firstname.lastname@example.org
This announcement is not for distribution in the United States. This announcement and the information contained herein is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration pursuant to the U.S. Securities Act of 1933, as amended, or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from SMN and that will contain detailed information about SMN and its business, management, and financial statements.