The Company hereby announces the plan for the transfer of shares resulting from share buyback of the Company, from August 8, 2024 until completion, by means of the sale of the shares in IDX, of which it can be conducted without obtaining approval from the general meeting of shareholders.
The number of shares resulting from the shares buyback of the Company that will be transferred is 60 million shares. The transfer will be conducted at a price in accordance with prevailing regulations.
The Company, through SM+ and/or other affiliated parties, plans to develop data center services in Indonesia. Therefore, on December 19, 2023, the Company, through SM+, signed the Sales and Purchase Agreement with Smartfren and Smartel to purchase the data center property and equipment ("Transferred Assets") with a total value of Rp544 billion – exclusive of taxes, levies, and other fees imposed in connection with the acquisition of rights of the Transferred Assets (if any).
The Disclosure of Information is attached.
To support the business development of DMGE and DMGP in the geothermal energy utilization sector, on November 27, 2023, the Company, through PMS, increased its equity participation in DMGE by subscribing to all new shares issued by DMGE of 165,912 shares with a nominal value of Rp165,912,000,000 (“Transaction”).
This Transaction is expected to support the Company's strategic plan in exploring the NRE business and strengthen DMGE’s capital to support DMGP in conducting preliminary studies and exploration to develop the geothermal energy utilization business.
On September 15, 2023, the Company bought back 36,850,000 shares with the value of Rp1,768,800,000,000. The report on the Result of the Implementation of Share Buyback is attached.
Through this transaction, the Company holds 154,105,327 treasury shares in total.
On September 14, 2023, the Company bought back 29,500,000 shares with the value of Rp1,416,000,000,000. The report on the Result of the Implementation of Share Buyback is attached.
Through this transaction, the Company holds 117,255,327 treasury shares in total.
The Company will execute the Share Buyback in stages during the Share Buyback Period and will announce another information disclosure in the event that the Company has executed the next stage of the Share Buyback.