PT Tower Bersama Infrastructure Tbk (TBIG) Holds Extraordinary General Meeting of Shareholders

Posted on 30th March 2021

JAKARTA, 30 March 2021 - PT Tower Bersama Infrastructure, Tbk. ("TBIG") held its Extraordinary General Meeting of Shareholders (EGMS) today at The Grove Suites, Jakarta. The EGMS was attended by the Company’s shareholders primarily through proxy and e-proxy and achieved the required quorum.

The EGMS approved the plan for the Company’s subsidiary, PT Tower Bersama, to purchase up to 3,000 telecommunication towers from PT Inti Bangun Sejahtera Tbk (“IBST”). 

According to Financial Services Authority (OJK) Rule No. 17/POJK.04/2020 regarding Material Transactions and Main Business Activity Changes, this transaction requires shareholder approval as it is considered to be a material transaction. The transaction is expected to be completed in April 2021.

The EGMS also approved the distribution of a cash dividend, from Unappropriated Retained Earnings balance as of December 31, 2019. 

The Company currently holds 1,025,945,500 shares as treasury shares.  Adjusting for these treasury shares, the Cash Dividend will be Rp 32 per share. The Cash Dividend will be paid on 29 April 2021 to all shareholders on record as of the close of business on 12 April 2021 with cum dividend (last trading day entitled to receive dividend) on 8 April 2021.

 

About PT Tower Bersama Infrastructure Tbk:

PT Tower Bersama Infrastructure Tbk (“TBIG”) is a provider of telecommunications infrastructure for the placement of BTS by telecommunications operators in Indonesia. TBIG is publicly listed on the Indonesian Stock Exchange and is majority owned by Saratoga Group and Provident Capital.

For more information contact:

Corporate Secretary:

Helmy Yusman Santoso – Tower Bersama Group

Telp. (62-21) 2924 8900

Email: corporate.secretary@tower-bersama.com

Investor Relations:

Veronica Jordan

Telp. (62-21) 2924 8900

Email: veronica.jordan@tower-bersama.com

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