We refer to (i) the 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.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 (“Regulation IX.E.2”); (iii) 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”); and Letter of PT Sarana Menara Nusantara Tbk No. 006/CS-OJK/SMN/II/20 dated February 11, 2020 regarding Report on Information or Material Fact (“Disclosure of Information dated 11 February 2020”).
We, hereby, for and on behalf of PT Sarana Menara Nusantara Tbk, are submitting an additional Report on Information or Material Fact 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) and investment in other companies.
|1.||Date of Occurrence||
March 31, 2020.
|2.||Type of Material Information or Facts||
Sale and purchase and transfer of tower telecommunications owned by PT XL Axiata, Tbk (“XL Axiata”) to PT Profesional Telekomunikasi Indonesia (“Protelindo”), a company which 99.9997% of its shares are owned directly by the Company (“Sale and Purchase Transaction”), through the signing of:
|3.||Description of the Additional Information or Material Fact||
With reference to Disclosure of Information dated 11 February 2020 by the Company, the Sale and Purchase Transaction was made as part of the purchase of 1,723 tower telecommunications from XL Axiata by Protelindo.
The transaction was conducted as part of the tender process for the sale of 2,782 telecommunication towers owned by XL Axiata.
The Sale and Purchase Transaction was made through the signing of Sale and Purchase Transaction Documents by the parties, under which, Protelindo assumes rights of 1,399 towers from XL Axiata. The transfer process of the remaining towers is still continuing and the exact numbers will be announced subsequently.
Value for the number of towers which have been transferred to Protelindo is in the amount approximately IDR1.9 trillion.
|4.||The impact of such event, information or material facts towards operational activities, legal, financial condition, or business continuity of the Issuer or Public Company||
There is no material impact to the operational activities, legal or financial conditions or the business continuity of the Company due to the Sale and Purchase Transaction.
This transaction is a material transaction, however it is an exempted material transaction as stated under number 3 letter a item 5) of Regulation IX.E.2. Therefore, the Company is obliged to submit disclosure of information under POJK 31.