We refer to (i) Bapepam-LK Rule No. IX.E.1, Attachment of Decree of Head of Bapepam-LK No. Kep-412/BL/2009 dated 25 November 2009 regarding Affiliated Transactions and Certain Conflict of Interests ("Rule IX.E.1); and (ii) the Stock Exchange Regulation No. I-E, Attachment of Decree of the Board of Directors of the Jakarta Stock Exchange No.: Kep-306/BEJ/07-2004 dated 19 July 2004 regarding The Obligation of Information Submission ("Rule I-E").
We, for and on behalf of PT Sarana Menara Nusantara Tbk, hereby submit disclosure of information with regards to an Affiliated Transaction (as defined herein) pursuant to Article 2 sub-article (b) point (3) and (5) of Rule IX.E.1, described as follows:
|Name of the 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) and investment in other companies.|
|1.||Date of Occurrence||6 June 2018|
|2.||The parties in the Affiliated Transaction and affiliated relations with the Company||
|3.||Affiliated Transactions (objects and value of transactions)||
The signing of:
|4.||Consideration and reason of conducting Affiliated Transactions||
Affiliated Transaction is conducted between Protelindo and Iforte, considering that Iforte engaged in business activities, among others, fiber optic cable leasing, therefore Iforte has the necessary requirements for the rights acquired by Iforte in the Lease Agreement.
Protelindo understands that the necessary requirements to perform the business activities acquired under the rights in the Lease Agreement are not owned by all companies, but are only owned by companies in the field of fiber optic cable lease, which among others is owned by Iforte.
Further, since Iforte’s financial statement is consolidated with financial statement of Protelindo and the Company, it is expected that the Affiliated Transactions will contribute more value to the Company and also benefit to the shareholders.
Signing of the Settlement Agreement and Lease Agreement are not a material transaction and the said transactions are exempt as material transaction as contemplated under number 3 letter a items 3) and 4) of Bapepam and LK ("Bapepam-LK") Regulation No. IX.E.2, Attachment to Decision of Chairman of Bapepam-LK No. Kep-614/BL/2011 dated 28 November 2011, concerning Material Transactions and Change of Main Business Activities.
This disclosure of information is also made to fulfill the provision under Financial Services Authority Rule Number 31/POJK.04/2015 dated 16 December 2015, regarding Disclosure on Material Information or Facts by Issuer or Public Companies.
We hereby conclude the report on information or material facts. Thank you for your attention and cooperation.
PT Sarana Menara Nusantara Tbk.