TBIG Holds AGMS and Announces 2016 Total Cash Dividend of Rp995 billion

Posted on 17th May 2017

JAKARTA, 17 May 2017 - PT Tower Bersama Infrastructure, Tbk. ("TBIG") held its Annual General Meeting of Shareholders (AGMS) today at The Westin Hotel in Jakarta. The AGMS was attended by the Company’s shareholders and achieved the required quorum.

The financial statements and Annual Report for the year ending December 31, 2016, were accepted, ratified as well as approved in the AGMS.

The AGMS approved the Final Cash Dividend of Rp665 billion, therefore the allocation of net profit for Financial Year 2016 as follows: Rp5 billion allocated for general reserves, Rp330 billion already distributed as Interim Cash Dividend in September 2016, Rp665 billion allocated as Final Cash Dividend for Financial Year 2016 and the remaining amount allocated to Retained Earnings. The Final Cash Dividend will be paid on 13 June 2017 to all shareholders on record as of the close of business on 30 May 2017 with cum dividend (last trading day entitled to receive dividend) on 24 May 2017.

The AGMS approved plans for the issuance of US Dollar denominated notes to be issued by a fully-owned subsidiary of the Company, through an offering to investors outside of the Republic of Indonesia, which constitutes as a material transaction in accordance with the Financial Services Authority’s Regulation (formerly Bapepam) No. IX.E.2 Attachment to the Chairman of Bapepam-LK’s Decree No. KEP-614/BL/2011 dated 28 November 2011 regarding Material Transactions and Changes to the Company’s Main Activity.

In addition, the AGMS authorized the Board of Commissioners to appoint a Public Accountant to audit the Company’s Financial Statement for the Financial Year ending on 31 December 2017. The Board of Commissioners was also authorized to determine the salary and benefits for members of the Board of Directors as well as the salary or honorarium and benefits accorded to the Board of Commissioners for the financial year 2017.

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

Phone: (62-21) 2924 8900

Email: corporate.secretary@tower-bersama.com

 

Investor Relations:

Veronica Jordan

Phone: (62-21) 2924 8900

Email: veronica.jordan@tower-bersama.com

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