Jakarta, CNBC Indonesia – The Hartono brothers, who are the richest people in Indonesia, Robert Budi Hartono and Bambang Hartono, through PT Dwimuria Investama Andalan plan to buy 5% shares of tower issuer PT Sarana Menara Nusantara Tbk (TOWR), which is also still affiliated.
PT Dwimuria Investama Andalan will conduct a Voluntary Tender Offer (PTS) for a maximum of 2,550,731,300 shares representing 5% of all issued and fully paid shares in Sarana Menara Nusantara.
Citing announcements in the mass media, Friday (8/7/2022), the voluntary tender offer with the number of shares was carried out at an offering price of Rp. 1,300 per share.
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The Voluntary Tender Offer price reflects a premium of 28.7% from the reference price of Rp 1,010.28. Thus, the value of PTS transactions is estimated to reach around Rp. 3.3 trillion.
The price of the Voluntary Tender Offer is determined by taking into account the provisions in POJK No.54/2015, namely by considering the average price of the highest daily trading price on the IDX for the last 90 days prior to the announcement of this Disclosure of Information, which is IDR 1,010.28.
Hereby, Dwimuria Investama Andalan as the Party Conducting PTS, declares that it has sufficient funds and is able to carry out its obligations to make full payments to Shareholders in connection with the Voluntary Tender Offer.
To note, on the date this PTS Statement is issued, Dwimuria Investama Andalan owns 100,000 shares of the Target Company (Sarana Menara Nusantara).
In the event that Dwimuria Investama Andalan manages to purchase a maximum of 2,550,731,300 shares of the Target Company, then after the Voluntary Tender Offer, Dwimuria Investama Andalan will own 2,550,831,300 shares of Sarana Menara Nusantara.
As is known, Dwimuria Investama Andalan is an investment holding company, where one of the main investments is a 54.94% ownership in PT Bank Central Asia Tbk. Dwimuria is 51% owned by Robert Budi Hartono and 49% owned by Bambang Hartono, who is also the owner of the Djarum Group.
Dwimuria Investama Andalan is affiliated with Sarana Menara Nusantara because the shareholders of Dwimuria, namely Robert Budi Hartono and Bambang Hartono, are related to family relationships with the beneficial owners of Sarana Menara Nusantara, namely Victor Rachmat Hartono and Martin Basuki Hartono.
The securities company appointed by the company in implementing the PTS, namely PT BCA Sekuritas.
The statement of this Voluntary Tender Offer was issued on July 8, 2022. Estimated period of the voluntary tender offer is on July 27 to August 25, 2022. Estimated payment date is September 6, 2022.
“Up to the date of the issuance of this Voluntary Tender Offer Statement, there have been no objections from any party regarding the plan to implement the Voluntary Tender Offer,” the announcement said.
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