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) 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., submit 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||
October 14, 2020.
|2.||Type of Material Information or Facts||
The increase of authorized, issued and paid-up capital of PT Protelindo Menara Permata (“PMP”) subscribed entirely by PT Istana Kohinoor (“Kohinoor”) under Deed No. 147 dated 12 October 2020 made before Notary Christina Dwi Utami, S.H., M.Hum., M.Kn., Notary in West Jakarta, the amendment of which was approved by Ministry of Law and Human Rights of the Republic of Indonesia on 14 October 2020, based on Approval of Amendment of Articles of Associations No. AHU-0070507.AH.01.02.TAHUN 2020 and Receipt on Notification of Amendment of Articles of Associations No. AHU-AH.01.03-0397812 dated 14 October 2020.
Kohinoor is a company which 51% of its shares are indirectly owned by the Company. Whereas, PMP is a company which 99.6% of its shares are directly owned by Kohinoor.
|3.||Description of the Additional Information or Material Fact||
The transaction in this Disclosure of Information is the increase of authorized capital, issued and paid-up capital of PMP which were entirely subscribed by Kohinoor.
Through the increase of PMP’s capital, the authorized capital of PMP which previously amounted to IDR 1,000,000,000 (one billion Rupiah) were increased to be amounted to IDR 21,000,000,000 (twenty-one billion Rupiah) and it is issued and paid up capital which previously amounted to IDR 250,000,000 (two hundred and fifty million Rupiah) were increased to be amounted to IDR 5,250,000,000 (five billion two hundred and fifty million Rupiah) (“Increase of PMP’s Capital”).
After the increase of the said capital, the composition of PMP’s shareholders are as follows:
The increase of capital was funded through Kohinoor’s cash and afterwards the paid-up capital can be used to support PMP’s business activities.
|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 Increase of PMP’s Capital.
The Increase of PMP’s Capital is not categorized as material transaction as contemplated under Article 1 letter a point 2) of 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 as amended from time to time.
Furthermore, the Increase of PMP’s Capital is an affiliated transaction as mentioned under Article 2 letter c point 5) of 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, as amended from time to time.