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"), as announced in the website of PT Bursa Efek Indonesia ("IDX") on December 6, 2019.
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||5 December 2019.|
|2.||Type of Material Information or Facts||The Company’s intention to distribute interim cash dividend to its Shareholders for the financial year 2019 ("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 2019.
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 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, provided that the interim dividend will be calculated based on the resolutions of the next Annual General Meeting of Shareholders, in accordance with the provisions in the Articles of Association, with due observance of the prevailing laws and regulations.
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. Therefore, the Distribution of Interim Cash Dividend will not effect or impact any obligations of the Company to its creditor and the Company's business activities.
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 IDR6 (six 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||The Proposed Interim Cash Dividend Distribution, does not materially impact the operational activities, legal, financial condition, or business sustainability of the Company.|
CLICK HERE to download the Announcement on the Schedule and Procedure for Distribution of Interim Cash Dividends for Financial Year 2019.