PT Tower Bersama Infrastructure, Tbk. Secures Effective Notice from Bapepam - LK
Bapepam-LK (Indonesia's Financial Institution and Capital Markets Supervisory Agency) has officially granted PT Tower Bersama Infrastructure Tbk (TBI) its effective notice to conduct its Initial Public Offering (IPO). Bapepam-LKs Effective Notice Letter was issued on 15 October 2010 and signifies TBI legal eligibility to offer its shares to the public.
Jakarta, 16 October 2010 - PT Tower Bersama Infrastructure Tbk, which is one of the leading providers of telecommunications infrastructure for the placement of BTS by telecommunications operators in Indonesia, plans to carry out an Initial Public Offering (IPO).
"Upon securing Bapepam-LK's effective notice, we will immediately proceed to carry out a public offering (public share offering period) for prospective investors" stated Rajiv Louis, Head of Investment Banking of PT UBS Securities Indonesia in his capacity as the underwriter for TBI's IPO, as its press conference held today. PT UBS Securities Indonesia and PT Indo Premier Securities serve as the Securities Underwriters with full commitment towards all the shares offered by TBI.
The location of the share offering will be conducted in Puri Datindo - Wisma Sudirman, Jl. Jenderal Sudirman Kav.34 Jakarta. As its underwriters, PT UBS Securities Indonesia and PT Indo Premier Securities, will open outlets from 09.00-16.00 Western Indonesia Standard Time on Monday, 18 October and Tuesday, 19 October 2010, and 09.00 - 12.00 Western Indonesia Standard Time on Wednesday, 20 October 2010 throughout the offering period.
Rajiv also revealed some of the requirements that prospective investors of TBI's shares need to fulfill, which includes: that every party can only submit 1 (one) Order/Request, the investor cannot be represented by other parties, as well as all prospective investors are required to read the prospectus beforehand.
"The share offering period that we will conduct throughout 3 (three) consecutive days beginning 18-20 October hoffering period, TBI provides prospective investors and the public the opportunity to obtain TBI's shares in accordance with the prevailing rules and regulations.
TBI will, upon conclusion of the share offering, allot the shares on 22 October 2010 and subsequently list the shares as an issuers with the Indonesia Stock Exchange (IDX) on 26 October 2010.
The share price is determined to be Rp 2,025 per share. Through this share price, total funds raised by TBI and its shareholders is estimated at Rp 1.97 trillion,-that derive from the issuance of new shares amounting to 551,111,000 shares, 339,750,000 shares through a private placement, as well as 82,666,500 shares derived from a green shoe. "Funds derived from the issuance of new shares will be allocated towards TBI's Chief Operations Officer, Herman Setya Budi.
About PT Tower Bersama Infrastructure, Tbk:
TBI, or more commonly known as the Tower Bersama Group (TBG), is a provider of telecommunications infrastructure for the placement of BTS by telecommunications operators in Indonesia. TBI is one of Indonesia's largest independent telecommunications tower company, which also provides telecommunications infrastructure along with its operational and maintenance services for telecommunications operators. Infrastructure services offered by TBI include tower and DAS (Distributed Antenna System) rentals through build-to-suit and co-location solutions for telecommunications operators. TBI has, since its establishment in 2004 and up to April 2010, owned and operated over 2,600 sites and over 4,000 tenants, and this amount continues to grow in line with the high demand from telecommunications operators. TBI is a company whose shares are owned by the Saratoga Group and Provident Capital Group.
For more detailed information, contact:
Helmy Yusman Santoso - Tower Bersama Group
Phone: (62-21) 571 1946
Email: corporate.secretary@tower-bersama.com
