We refer to (i) 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 ("POJK 31"); (ii) Bapepam-LK Regulation No. IX.E.1 Attachment to Decision of Chairman of Bapepam-LK Number Kep-412/BL/2009, dated 25 November 2009 concerning Affiliated Transactions and Conflict of Interest on Certain Transactions ("Regulation IX.E.1"); (iii) 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"); and Letter from PT Sarana Menara Nusantara Tbk No. 014/CS-OJK/SMN/II/19 dated 18 February 2019.
We, hereby, for and on behalf of PT Sarana Menara Nusantara Tbk., submit Report on Information or Material Fact, as described below:
|Name of Issuer or Public Company||:||PT Sarana Menara Nusantara, Tbk (“Company”)|
|Scope of Business||:||Providing services except services in the field of law and tax industry and invest in other companies.|
|1.||Date of Occurrence||1 July 2019.|
|2.||Type of Information or Material Facts||
Signing of Facility Amendment Letter by PT Profesional Telekomunikasi Indonesia (“Protelindo”), a subsidiary which 99.9997% of its shares is owned by the Company, with MUFG Bank, Ltd., Jakarta Branch (“MUFG”).
|3.||Description of the Additional Information or Material Fact||
On 1 July 2019, Protelindo signed Facility Amendment Letter dated 1 July 2019 with MUFG (“Amendment Letter”).The Amendment Letter was signed in relation with the amendment of Facility Agreement dated 14 February 2019 by and between Protelindo and MUFG ("Initial Agreement").
The amendment of the Initial Agreement constitutes the amount of the revolving loan facility which previously amounted to JPY3,977,400,000 to be in the amount of JPY7,954,800,000.
|4.||The impact of such event, information or material facts towards operational activities, legal, financial condition, or business continuity of the Company||There is no material impact to the operational activities, legal or financial conditions or the business continuity of the Company due to the signing of Amendment Letter by Protelindo.|
The Amendment Letter signed by Protelindo is exempt as material transaction as contemplated under number 1 letter a item 2) 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, because the value of the transaction is less than 20% of the Company’s equity based on the Company’s Financial Statements for the year ended December 31, 2018 (audited) and the facility was directly provided by a banking institution, thus the Company is only obligated to disclose information as stipulated under POJK 31.
The Amendment Letter does not contain any conflict of interests and is not an affiliated transaction as contemplated under Regulation No. IX.E.1, because Protelindo and the third party as the lender of the loan facility do not have any affiliated relations.
We hereby conclude the report on information or material facts. Thank you for your attention and cooperation.
PT Sarana Menara Nusantara Tbk.