PRESS RELEASE

04 January 2024
Author: Administrator

Jakarta, December 30, 2023 - PT Nusantara Infrastructure Tbk's (IDX: META) plan to delist and go private has received the blessing of independent shareholders at the EGMS held on 19 December 2023. Currently, the process will enter the tender offer registration stage by PT Metro Pacific Tollways Indonesia Services (MPTIS).
 
The provisions for implementing the voluntary tender offer process are regulated in POJK No.3/POJK.04/2021 concerning the Implementation of Activities in the Capital Market Sector, POJK No.30/POJK.04/2017 regarding the Buyback of Shares Issued by Public Companies, POJK No.54/POJK.04/2015 regarding Voluntary Tender Offers, Exchange Regulation No. I-I of 2004 regarding the Listing of Delisting and Relisting of Shares on the Exchange, and Exchange Regulation No. I-L of 2023 regarding the Suspension of Securities.
 
Indah D.P. Pertiwi, Head of Corporate Communication of PT Nusantara Infrastructure Tbk, said, "The Company has made various efforts to request the opening of the stock trading suspension to the Stock Exchange after the EGMS approval is obtained so that shareholders can choose to sell their shares or wait for the Voluntary Tender Offer (VTO). However, an issuer must comply with all applicable rules and policies, including the stock trading suspension process, which is still ongoing."
 
By the information submitted by the Exchange to the Company through letter No. S-11107/BEI.PP1/12-2023 dated December 21, 2023, it was conveyed that to create regular, fair, efficient trading and protection of public investors, then in the ongoing process of going private and voluntary delisting of shares, the Exchange has not been able to facilitate the Company's request to open the suspension of trading of the Company's shares.
 
"We understand that the process towards Go Private is not instant and takes time. Therefore, we ask that shareholders follow the entire process according to the provisions." Indah concluded.