Announcement in Relation to Regulatory Actions by SGX and/or Other Authorities::Protelindo announces the signing of a conditional SPA to acquire a 100% stake in iForte

Issuer & Securities

Issuer/ Manager
PROTELINDO FINANCE B.V.
Securities
PROTELINFBVS$180M3.25%N241127 - XS1143279724 - 21RB
Stapled Security
No

Announcement Details

Announcement Title
Announcement in Relation to Regulatory Actions by SGX and/or Other Authorities
Date &Time of Broadcast
15-May-2015 12:52:59
Status
New
Announcement Sub Title
Protelindo announces the signing of a conditional SPA to acquire a 100% stake in iForte
Announcement Reference
SG150515OTHRPLWC
Submitted By (Co./ Ind. Name)
Arif Pradana
Designation
Legal
Effective Date and Time of the event
13/05/2015 17:00:00
Description (Please provide a detailed description of the event in the box below)
PT Profesional Telekomunikasi Indonesia ("Protelindo"), a 99.999 % owned subsidiary of PT Sarana Menara Nusantara Tbk. ("Company"), has entered into a conditional Shares Sale and Purchase Agreement ("SPA") with the shareholders of PT iForte Solusi Infotek ("iForte") in connection with the proposed sale of 100% equity stake on a fully diluted basis, in iForte to Protelindo (the "Transaction"). Pursuant to the signing of the SPA, Protelindo has also entered into an Assignment Agreement in relation to all outstanding bonds and warrants issued by iForte.

Attachments

Disclosure Information regarding IForte Acquisition.pdf
Total size =70K