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"); and (ii) 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, 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/td>||:||Providing services except services in the field of law and tax industry and invest in other companies.|
|1.||Date of Occurrence||29 November 2019.|
|2.||Type of Information or Material Facts||
Signing of Facility Agreement between PT Profesional Telekomunikasi Indonesia (“Protelindo”), a subsidiary which 99.9997% of its shares is owned by the Company, with PT Bank HSBC Indonesia (“HSBC”), a banking institution which is not an affiated party of the Company.
|3.||Description of the Additional Information or Material Fact||
On 29 November 2019, Protelindo signed Facility Agreement with HSBC (“Facility Agreement”).
The following are several important information in connection with the Facility Agreement:
|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 Facility Agreement by Protelindo.|
The Facility Agreement obtained 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 Facility Agreement 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.