We refer to (i) Financial Services Authority Rule No. 42/POJK.04/2020 concerning Affiliated Transactions and Conflict of Interest on Certain Transactions (“POJK 42”) and its amendments; and (ii) Decree of the Board of Directors of the Indonesia Stock Exchange No.: Kep-00015/BEI/01-2021 dated 29 January 2021 regarding Amendment of Regulation No. I-E on The Obligation of Information Submission (“Rule I-E”).
We, for and on behalf of PT Sarana Menara Nusantara, Tbk., hereby submit report on Affiliated Transactions (as defined herein) in accordance with Article 6 paragraph 1 letter b point 3) of POJK 42, as described below:
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Name of the Issuer
or Public Company
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:
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PT Sarana Menara Nusantara, Tbk. (the “Company”)
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Scope of Business
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:
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Activities of holding companies, telecommunication central construction and other management consultation activities.
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Telephone
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:
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021-2358 5500
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Facsimile
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:
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021-2358 6446
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Electronic mail
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:
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investor.relations@ptsmn.co.id
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1.
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Date of Occurrence
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March 29, 2022.
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2.
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The parties in the Affiliated Transaction and affiliated relations with the Company
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PT Profesional Telekomunikasi Indonesia (“Protelindo”); and
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PT Komet Infra Nusantara (“KIN”).
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3.
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Affiliated Transactions
(objects and value of transactions)
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The affiliated transaction in this Disclosure of Information is the signing of the Deed of Asset Sale and Purchase pursuant to the Cover Note of the Notary No. 33/N/CD/Ket/III/2022 dated March 30, 2022 with regards to sale of land and building in Karang Mulya, Tangerang owned by KIN and sold to Protelindo (“Sale and Purchase Asset”).
There is several important information with regards to the Sale and Purchase Asset, among others:
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The total value of the transaction is IDR3,000,000,000, - (three billion Rupiah).
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4.
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The nature of the affiliated relationship between the Parties
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5.
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Consideration and reason of conducting Affiliated Transactions
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The transaction of Sale and Purchase Asset is conducted to support the operational business of Protelindo.
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6.
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Other information
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The signing of the Sale and Purchase Asset is an affiliate transaction as contemplated under the Article 6 paragraph 1 letter b point 3) of POJK 42 and therefore the Company is only required to submit the disclosure information within 2 (two) working days after the transaction.
Furthermore, the signing of the Sale and Purchase Asset is not categorized as a material transaction as contemplated under the Financial Services Authority Regulation No. 17/POJK.04/2020 concerning Material Transactions and Change of Main Business Activities.
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The Board of Commissioners and Board of Directors of this Company hereby state that the affiliated transaction in this Disclosure of Information have been conducted in accordance with procedures to ensure that this affiliated transaction is in accordance with common business practice, does not contain Conflict of Interests and the information disclosed above contains material information is true and not misleading.
This disclosure of information is also made to meet the provision under 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.
We hereby conclude the report on information or material facts.
Thank you for your attention and cooperation.
Best regards,
PT Sarana Menara Nusantara, Tbk.
