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20260420_IBST_Pengumuman RUPS_32072191_lamp4.pdf
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Unofficial Translation
DISCLOSURE OF INFORMATION TO SHAREHOLDERS
(“DISCLOSURE OF INFORMATION”)
IN COMPLIANCE WITH REGULATION OF THE FINANCIAL SERVICES AUTHORITY ("OJK")
NUMBER 45 OF 2024 ON THE DEVELOPMENT AND STRENGTHENING OF ISSUERS AND
PUBLIC COMPANIES ("POJK 45/2024")
THIS DISCLOSURE OF INFORMATION HAS BEEN PREPARED IN CONNECTION WITH THE
COMPANY’S PLAN TO CHANGE ITS STATUS FROM A PUBLIC COMPANY TO A PRIVATE
COMPANY ("GO PRIVATE PLAN") AND THE DELISTING OF THE COMPANY’S SHARES FROM
THE INDONESIA STOCK EXCHANGE ("DELISTING"). THIS DISCLOSURE OF INFORMATION IS
IMPORTANT AND MUST BE CAREFULLY CONSIDERED BY THE SHAREHOLDERS OF THE
COMPANY.
PT INTI BANGUN SEJAHTERA TBK
(The “Company”)
Main Business Activity:
Provider of Towers and Telecommunication Infrastructure
Principal Office: Branch Office:
Jl. Tanjung Karang No. 11 Menara BCA, 49th Floor
Desa Jati Kulon, Kecamatan Jati Jl. M.H. Thamrin No. 1 Jakarta 10310
Kabupaten Kudus 59347 Phone: +62 21 23585555
Phone: +62 291 435984 Website: www.ibstower.com
Website: www.ibstower.com Email: corpsec@ibstower.com
Email: corpsec@ibstower.com
THIS DOCUMENT CONSTITUTES INFORMATION TO THE SHAREHOLDERS IN CONNECTION
WITH THE COMPANY’S PLAN TO:
(i) CHANGE THE STATUS OF THE COMPANY FROM A PUBLIC COMPANY TO A PRIVATE
COMPANY (INCLUDING THE DELISTING OF THE COMPANY’S SHARES FROM THE
INDONESIA STOCK EXCHANGE); AND
(ii) AMEND THE ARTICLES OF ASSOCIATION OF THE COMPANY IN CONNECTION WITH THE
CHANGE OF STATUS OF THE COMPANY AS REFERRED TO IN ITEM (i) ABOVE.
IF THERE IS ANY DOUBT REGARDING ANY ASPECT OF THIS DISCLOSURE OF INFORMATION
OR THE ACTIONS THAT YOU SHOULD TAKE AS A SHAREHOLDER, YOU MAY CONSULT WITH
YOUR SECURITIES BROKER REPRESENTATIVE OR REGISTERED SECURITIES COMPANY
REPRESENTATIVE, INVESTMENT MANAGER, LEGAL ADVISOR, ACCOUNTANT, OR OTHER
PROFESSIONAL ADVISOR.
THE BOARD OF COMMISSIONERS AND THE BOARD OF DIRECTORS OF THE COMPANY,
INDIVIDUALLY AND COLLECTIVELY, ARE RESPONSIBLE FOR THE COMPLETENESS AND
ACCURACY OF ALL INFORMATION OR MATERIAL FACTS CONTAINED IN THIS DISCLOSURE OF
INFORMATION AND CONFIRM THAT THE INFORMATION SET FORTH HEREIN IS TRUE AND
THAT THERE IS NO MATERIAL INFORMATION OR FACT THAT HAS NOT BEEN DISCLOSED
THAT WOULD CAUSE THIS DISCLOSURE OF INFORMATION TO BE MISLEADING.
This Disclosure of Information is issued in Jakarta on 21 April 2026
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Unofficial Translation
I. INTRODUCTION
The Board of Directors of the Company hereby notifies the shareholders of the Company of the plan to
change the status of the Company from a public company to a private company ("Go Private Plan")
and the delisting of the Company’s shares from the Indonesia Stock Exchange ("Delisting"). As a public
company, in implementing the Go Private Plan and Delisting, the Company is required to comply with
the provisions set forth in POJK 45/2024.
Pursuant to POJK 45/2024, the Go Private Plan and Delisting must first obtain approval from
shareholders who do not have a personal economic interest in connection with the Go Private Plan and
Delisting and (a) are not members of the board of directors, members of the board of commissioners,
principal shareholders, or controlling shareholders of the Company; or (b) are not affiliates of members
of the board of directors, members of the board of commissioners, principal shareholders, and
controlling shareholders of the Company ("Independent Shareholders"). The approval of the
Independent Shareholders shall be obtained through an Extraordinary General Meeting of Shareholders
("EGMS"). Further details regarding the conduct of the EGMS, including information on the quorum
requirements and voting procedures, are set out in Chapter V of this Disclosure of Information.
This Disclosure of Information is submitted with the intention of providing the shareholders with
information regarding:
▪ The Go Private Plan and Delisting;
▪ An explanation on the requirements to be satisfied in order to implement the Go Private Plan and
Delisting; and
▪ Information regarding the EGMS in connection with the Go Private Plan and Delisting.
As required under Regulation of PT Bursa Efek Indonesia ("IDX") No. I-N on Delisting and Relisting, the
Company has submitted letter No. 016/IBST-CSY/IV/2026 dated 17 April 2026 regarding Submission
of PT Inti Bangun Sejahtera’s Delisting and Go Private Plan, addressed to IDX with a copy to OJK.
II. INFORMATION REGARDING THE GO PRIVATE PLAN AND DELISTING
The Company, collectively with PT Iforte Solusi Infotek (“Iforte”) (as the controlling shareholder of the
Company, which is also a subsidiary of PT Sarana Menara Nusantara, Tbk (“TOWR”)), has conducted
a comprehensive review of the TOWR Group’s long-term business strategy with a view to achieving
more efficient asset management and operations. In line with the implementation of such business
strategy, it is considered necessary to conductTOWR Group’s restructuring, including reviewing the
status of TOWR’s shareholdings (both direct and indirect) in several subsidiaries.
The acquisition of the Company’s shares by Iforte was completed on 1 July 2024. Following the
acquisition, as the new controlling party in the public company, in accordance with the provisions of
OJK Regulation No. 9/POJK.04/2018 dated 25 July 2018 on Acquisition of Public Companies (“POJK
9/2018”), Iforte has conducted a Mandatory Tender Offer, which was completed on 4 October 2024
(“IBST MTO”), as notified in Iforte’s Letter No. 37/EXT-ISI/HS/HT/X/2024. Furthermore, Iforte has also
commenced the fulfilment of its obligation to re-transfer the Company’s shares acquired through the
execution of the IBST MTO (“Refloat”) as required under POJK 9/2018, the progress up to 31 March
2026 has been reported by Iforte in the Progress Report on the Fulfilment of the Obligation to Re-
transfer the Company’s Shares dated 10 April 2026.
In view of the above (including the progress made by Iforte in fulfilling the abovementioned Refloat
obligations), the Company has decided to proceed with the Go Private Plan and Delisting. In connection
with the Go Private Plan and Delisting, there are no obligations on the Company to obtain prior permits,
approvals, or to provide prior notification to/from any third party as a prerequisite to the implementation
of the Company’s Go Private Plan and Delisting.
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III. INFORMATION REGARDING THE COMPANY
A. Brief History of the Company
The Company is a limited liability company established pursuant to and under the applicable laws
and regulations in the Republic of Indonesia. The Company was established pursuant to Deed of
Establishment No. 07 dated 28 April 2006, executed before Yulia S.H., Notary in Jakarta. The deed
has obtained approval from the Minister of Justice of the Republic of Indonesia pursuant to Decree
No. W7-00873 HT.01.01-TH.2206 dated 22 September 2006 and registered in the Company
Register under No. 090515155266 with the Central Jakarta Company Registration Office under
No. 029/BH.09.05/I/2007, dated 5 January 2007, and announced in the State Gazette of the
Republic of Indonesia No. 12 dated 9 February 2007, Supplement No. 1337.
The Company has changed its status from a private company to a public company and has
adjusted the entire Articles of Association of the Company to conform with Bapepam and LK
Regulation No. IX.J.1 on the Principles of the Articles of Association of Companies Conducting
Public Offerings of Equity Securities and Publicly-traded Companies, as set out under the Deed of
Statement of the Company’s Shareholders’ Resolution No. 72 dated 26 April 2012, executed
before Linda Herawati, S.H., a Notary in Central Jakarta, which has obtained approval from
Minister of Law (previously known as the Minister of Law and Human Rights; hereinafter the
Minister of Law is referred to as “MOL”) pursuant to Decree No. AHU30477.AH.01.02.Tahun 2012,
dated 6 June 2012, and has been registered in the Company Registry with MOL under No. AHU-
0050796.AH.01.09.Tahun 2012 dated 6 June 2012.
On 15 August 2012, the Company received an Effective Statement No. S-10134/BL/2012 from
Bapepam and LK in respect of the Registration Statement submitted in connection with the
Company’s initial public offering and the listing of its shares on the Indonesia Stock Exchange on
31 August 2012.
The Articles of Association of the Company have been amended several times, with the latest
amendment as contained under Deed of Statement of Meeting Resolutions No. 43 dated 15 August
2024, executed before Yulia, S.H., Notary in South Jakarta, which has obtained approval from
MOL pursuant to Decree No.AHU-0051050.AH.01.02.TAHUN 2024 dated 16 August 2024 and
has been notified to MOL pursuant to Receipt of Notice on Amendments of Articles of Association
No. AHU-AH.01.09-0240375 dated 16 August 2024 and No. AHU-AH.01.03-0182981 dated 16
August 2024, and registered in the Company Register under No.AHU0171288.AH.01.11.TAHUN
2024 dated 16 August 2024, in connection with amendments to Article 1 Paragraph 1, Article 5,
Article 9, Article 18, Article 20, Article 21, Article 23, and Article 26 of the Articles of Association as
well as a change in the address of the Company (“Articles of Association of the Company”).
The Company’s principal office is located in Kudus Regency at Jalan Tanjung Karang No. 11,
Desa Jati Kulon, Kecamatan Jati, Kudus, Central Java, Indonesia, and its branch office is located
at Menara BCA, 49th Floor, Jalan M.H. Thamrin No. 1, Jakarta 10310, Indonesia.
B. Business Activities of the Company
Pursuant to Article 3 of the Company’s Articles of Association, the scope of the Company’s
activities comprises operations in the fields of telecommunications central construction,
telecommunications installation, wholesale of telecommunications equipment, wired
telecommunications activities, internet service provider, internet interconnection services (NAP),
premium SMS content services, other multimedia services, data processing, owned or leased real
estate, and other management consultancy activities. The Company commenced commercial
operations in September 2006.
C. Subsidiaries of the Company
As at 31 December 2025, the Company does not have any subsidiaries.
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D. Capital Structure and Shareholding of the Company
The capital structure of the Company as at the date of this Disclosure of Information is as set forth
in the Deed of Statement of Meeting Resolutions No. 43 dated 15 August 2024, executed before
Yulia, S.H., Notary in South Jakarta, which has obtained approval from MOL pursuant to Decree
No.AHU-0051050.AH.01.02.TAHUN 2024 dated 16 August 2024 and has been notified to MOL
pursuant to Receipt of Notice on Amendments of Articles of Association No. AHU-AH.01.09-
0240375 dated 16 August 2024 and No. AHU-AH.01.03-0182981 dated 16 August 2024, as well
as registered in the Company Register under No.AHU0171288.AH.01.11.TAHUN 2024 dated 16
August 2024, is as follows:
Authorized Capital : IDR 1,500,000,000,000.- (one trillion five hundred billion Rupiah)
comprising 3,000,000,000 (three billion) shares, each with a nominal
value of IDR 500 (five hundred Rupiah) per share.
Issued and Paid-up : IDR 675,452,463,500.- (six hundred seventy five billion four hundred
Capital fifty two million four hundred sixty three thousand five hundred Rupiah)
in shares, comprising 1,350,904,927 (one billion three hundred fifty
million nine hundred four thousand nine hundred twenty seven) shares,
or 45.03% (forty five point zero three per cent) of the nominal value of
each share issued in IBST.
Based on the Shareholders Register as of 31 March 2026, issued by PT Raya Saham Registra as
the Securities Administration Bureau of the Company, the composition of the Company's
shareholders is as follows:
Nominal Value of IDR 500.00 per share
Name of Shareholders
Number of Shares Nominal Value (IDR) %
Authorized Capital 3,000,000,000 1,500,000,000,000
Issued and Paid-Up Capital
- PT Iforte Solusi Infotek 1,350,254,095 675,127,047,500 99.95
- Public 650,832 325,416,000 0.05
Total of Issued and Paid-Up 1,350,904,927 675,452,463,500 100
Capital
Total Shares in Portfolio 1,649,095,073 824,547,536,500 -
The shareholding structure of the Company as at 31 March 2026 is as follows:
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The controlling shareholder of the Company, as referred to in POJK 45/2024, is Iforte. Based on
the Data Submission Information document as at 10 March 2026, the Company has also submitted
a report regarding the identification of the ultimate beneficial owners (UBO) to the Directorate
General of General Law Administration of the Ministry of Law and Human Rights via an online
system, whereby the Company’s ultimate beneficial owners are Martin Basuki Hartono and Victor
Rachmat Hartono (as illustrated in the Company’s shareholding structure above). Such reporting
was made in compliance with Presidential Regulation Number 13 of 2018 on Implementation of
the Principle of Recognizing the Beneficial Owner of Corporations for the Prevention and
Eradication of Money Laundering and Terrorism Financing Criminal Activities.
E. Composition of the Board of Commissioners and Board of Directors of the Company
The composition of members of the Board of Commissioners and Board of Directors of the
Company as at the date of this Disclosure of Information is as set forth in the Deed of Statement
of Resolutions of the Extraordinary General Meeting of Shareholders of PT Inti Bangun Sejahtera
Tbk No. 42 dated 15 August 2024, executed before Yulia, S.H.,, Notary in South Jakarta, which
has obtained receipt of notice from MOL pursuant to Receipt of Notice on Change of Company
Data No. AHU-AH.01.09-0240126 dated 15 August 2024 and registered in the Company Register
of MOL under No. AHU-0170746.AH.01.11.TAHUN 2024 dated 15 August 2024, is as follows:
Board of Commissioners
President Commissioner : Adam Gifari
Independent Commissioner : Rinaldy Santosa
Commissioner : Haryo Dewanto
Board of Directors
President Director : Ramadhan Kurnia Nusa
Director : Doni Wilaga Kusuma
Director : Catherine Sembiring Pelawi
Director : Suciratin
F. Summary of Key Financial Data
Set out below is a summary of key financial data based on the Company’s Consolidated Financial
Statements for the year ended 31 December 2025, which have been audited by Public Accounting
Firm Tjahjadi & Tamara pursuant to report No. 00083/2.0853/AU.1/06/0264-2/1/III/2026 dated 16
March 2026, which expressed an unqualified opinion in all material respects, signed by Public
Accountant Riani.
Statement of Financial Position
(in million Rupiah)
Statement of Financial Position Year ended 31 December
2025 2024 2023
Current Assets 400,603 661,353 1,935,900
NOn-Current Assets 3,544,965 3,758,148 5,689,417
Total Assets 3,945,568 4,419,501 7,625,317
Current Liabilities 972,823 1,702,413 1,065,383
Non-Current Liabilities 392,917 548,701 2,546,666
Total Liabilities 1,365,740 2,251,114 3,612,049
Equity 2,579,828 2,168,387 4,013,268
Total Liabilities and Equity 3,945,568 4,419,501 7,625,317
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Statement of Profit and Loss
(in million Rupiah)
Year ended 31 December
Statement of Profit and Loss
2025 2024 2023
Revenue 871,892 862,466 1,109,756
Cost of Revenue (242,946) (497,664) (516,842)
Gross Profit 628,946 364,802 592,914
Profit for the Year 411,441 (1,850,836) 72,074
Total Comprehensive Profit for the Year 411,441 (1,844,881) 75,310
Basic Earnings per Share Attributable to the Owners of the Parent Entity
(Full amount) 305 (1,370) 53
Key Financial Ratios
Year ended 31 December
Description
2025 2024 2023
Current Ratio 41.18% 38.85% 181.71%
Debt to Equity Ratio 52.94% 103.82% 90.00%
Debt to Assets Ratio 34.61% 50.94% 47.37%
Gross Profit Margin 72.14% 42.30% 53.43%
Net Profit Margin 47.19% -214.60% 6.49%
Return on Equity 15.95% -85.36% 1.80%
Return on Assets 10.43% -41.88% 0.95%
IV. VOLUNTARY TENDER OFFER
A. Voluntary Tender Offer
In the event that the Go Private Plan and Delisting are approved at the EGMS, Iforte, as the
principal and controlling shareholder of the Company, will make an offer to purchase the
Company’s shares held by the Company’s public shareholders through a Voluntary Tender Offer
as regulated under OJK Regulation No. 54/POJK.04/2015 on Voluntary Tender Offer.
1) Brief History of Iforte
Iforte was established under the name PT Prisma Sentra Telekomunikasi, a limited liability
company incorporated under the laws of the Republic of Indonesia, domiciled in Kudus,
and established pursuant to Deed of Establishment No. 174 dated 16 May 1997 executed
before Buntario Tigris Darmawa, S.H., Notary in Jakarta. The Deed of Establishment of
Iforte was ratified by the Minister of Justice of the Republic of Indonesia pursuant to Decree
No. C2-7361.HT.01.01.Th.1997 dated 30 July 1997.
The articles of association of Iforte have been amended on several occasions, most
recently pursuant to Deed No. 5 dated 7 July 2022, executed before Notary Caesaria
Dhamayanti, S.H., M.Kn., Notary in Tangerang. Such amendment was approved by the
Minister of Law (formerly the Minister of Law and Human Rights) pursuant to Decree No.
AHU-0048645.AH.01.02.Tahun dated 14 July 2022 and registered in the Company
Register pursuant to the Company Law under No. AHU-0134521.AH.01.11.TAHUN 2022
dated 14 July 2022 ("Iforte’s Articles of Association").
2) Business Activity of Iforte
The business activities conducted in accordance with Article 3 of Iforte’s Articles of
Association are: Telecommunications Installations; Wired Telecommunications Activities;
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Satellite Telecommunications Activities; Internet Service Provider; Data Communication
System Services; Internet Interconnection Services (NAP); Wholesale of
Telecommunications Equipment; and Telecommunications Central Construction.
3) Capital Structure and Shareholders of Iforte
The capital structure and shareholders of Iforte are pursuant to the Deed of Statement of
Resolutions of Shareholders No. 145 dated 28 March 2016, executed before Dr. Irawan
Soerodjo, S.H., M.Si., Notary in Jakarta. Such deed was approved by the Minister of Law
and Human Rights pursuant to Decree No. AHU-0007671.AH.01.02 Tahun 2016 dated 21
April 2016, notified to the Minister of Law and Human Rights pursuant to Receipt of Notice
of Amendment to Articles of Association No. AHU-AH.01.03-0042299 dated 21 April 2016,
and registered in the Company Register under No. AHU-0050325.AH.01.11.TAHUN 2016
dated 21 April 2016, juncto the Deed of Statement of Resolutions of Shareholders in Lieu
of a General Meeting of Shareholders No. 306 dated 31 October 2019, executed by
Christina Dwi Utami, S.H., Notary in West Jakarta. Such deed was notified to the Minister
of Law and Human Rights, as evidenced by the Receipt of Notice of Amendment to Articles
of Association No. AHU-AH.01.03-0363977 dated 25 November 2019 and registered in
the Company Register under No. AHU-0226471.AH.01.11.Tahun 2019 dated 25
November 2019, are as follows:
Nominal Value of IDR 1,000,000.00 per share
Name of Shareholders
Number of
Nominal Value (IDR) %
Shares
Authorized Capital 790,000 790,000,000,000
Issued and Paid-Up Capital
- PT Profesional Telekomunikasi 789,416 789,416,000,000 99.99
Indonesia
- PT Sarana Menara Nusantara 1 1,000,000 0.01
Tbk
Total of Issued and Paid-Up 789,417 789,417,000,000 100
Capital
Total Shares in Portfolio 583 583,000,000 -
4) Composition of the Board of Commissioners and Board of Directors of Iforte
The composition of the Board of Commissioners and Board of Directors of Iforte pursuant
to the Deed of Statement of Circular Resolutions of Shareholders in Lieu of an
Extraordinary General Meeting of Shareholders No. 7 dated 11 September 2025, executed
before Caesaria Dhamayanti, S.H., M.Kn., Notary in Tangerang Regency, which has been
notified to the MOL as evidenced by the Receipt of Notice on Change of Company Data
No. AHU-AH.01.09-0337378 dated 15 September 2025 and registered in the Company
Register under No. AHU-0214158.AH.01.11.TAHUN 2025 dated 15 September 2025, is
as follows:
Board of Commissioners
President Commissioner : Peter Djatmiko
Commissioner : Mohamad Iwan
Commissioner : Nur Hermawan Thendean
Board of Directors
President Director : Ferdinandus Aming Santoso
Vice President Director : Rony Ardhitia Soetedjo
Vice President Director : Silvi Liswanda
Director : Hartono Tanuwidjaja
Director : Handoko Siputro
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5) Summary of Financial Data of Iforte
Set out below is a summary of key financial data based on Iforte’s Consolidated Financial
Statements for the year ended 31 December 2024, which have been audited by Public
Accounting Firm KAP Purwantono, Sungkoro, & Surja pursuant to report No.
00648/2.1032/AU.1/10/0702-3/1/IV/2025 dated April 17, 2025, which expressed an
unqualified opinion in all material respects, signed by Public Accountant Widya Arijanti .
Statement of Financial Position
(in million Rupiah)
Year ended 31 December
Statement of Financial Position
2024 2023 2022
Current Assets 2,768,991 2,153,885 1.708.152
Non-Current Assets 19,635,200 12,216,326 9.531.434
Total Assets 22,404,191 14,370,211 11.239.586
Current Liabilities 7,714,685 6.682,001 3.678.277
Non-Current Liabilities 13,619,255 7.627.552 7.314.628
Total Liabilities 21,333,940 14.309.553 10.992.905
Equity 1,070,251 60.658 246.681
Total Liabilities and Equity 22,404,191 14.370.211 11.239.586
Statement of Profit and Loss
(in million Rupiah)
Year ended in 31 December
Statement of Profit and Loss
2024 2023 2022
Revenue 4,779,764 3,596,485 2,750,150
Cost of Revenue (1,880,590) (1,436,131) (1,076,274)
Gross Profit 2,899,174 2,160,354 1,673,876
Profit for the Year 984,325 829,071 817,678
Total Comprehensive Profit for the Year 988,447 830,254 799,713
Basic Earnings per Share Attributable to the
1,188,095,123,034 959.887.910,442 948,702,650,184
Owners of the Parent Entity (Full amount)
Key Financial Ratios
Year ended in 31 December
Keterangan
2024 2023 2022
Current Ratio 35.89% 32.23% 46.44%
Debt to Equity Ratio 1.993.36% 2.3590.55% 4.456.32%
Debt to Assets Ratio 95.22% 99.58% 97.81%
Gross Profit Margin 60.66% 60.07% 60.86%
Net Profit Margin 20.59% 23.05% 29.73%
Return on Equity 91.97% 1.366.80% 331.47%
Return on Assets 4.39% 5.77% 7.27%
B. Price of Voluntary Tender Offer
The offer price is the price to be offered by Iforte to the Company’s shareholders for the purchase
of shares through the Voluntary Tender Offer by Iforte in connection with the Go Private Plan and
Delisting ("VTO"). The VTO offer price shall utilize the calculation formula as referred to in Article
39 letter (a) in conjunction with Article 36 letter (a) of POJK 45/2024, whereby for Company’s
shares that are listed and traded on IDX, the offer price must be higher than the average of the
highest daily trading prices on the IDX during the last 90 (ninety) days prior to the announcement
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date of the Company’s EGMS, which amounts to IDR 5,374 per share. Based on the foregoing,
the price to be offered by Iforte to the Shareholders shall be IDR 5,400.- per share ("Offer Price").
In the event that the Go Private Plan and Delisting are approved at the EGMS, public
shareholders who are not willing to sell their shares in the VTO shall remain as shareholders of
a private company.
For reference, set out below is the calculation of the Offer Price based on applicable regulations:
Highest Highest Highest
No. Date No. Date No. Date
Price Price Price
1 20 Apr 26 8.475 36 16 Mar 26 4.490 71 9 Feb 26 5.500
2 19 Apr 26 - 37 15 Mar 26 - 72 8 Feb 26 -
3 18 Apr 26 - 38 14 Mar 26 - 73 7 Feb 26 -
4 17 Apr 26 7.725 39 13 Mar 26 4.490 74 6 Feb 26 5.100
5 16 Apr 26 7.025 40 12 Mar 26 4.490 75 5 Feb 26 5.500
6 15 Apr 26 6.500 41 11 Mar 26 4.530 76 4 Feb 26 -
7 14 Apr 26 6.400 42 10 Mar 26 5.000 77 3 Feb 26 5.300
8 13 Apr 26 6.400 43 9 Mar 26 5.500 78 2 Feb 26 5.300
9 12 Apr 26 - 44 8 Mar 26 - 79 1 Feb 26 -
10 11 Apr 26 - 45 7 Mar 26 - 80 31 Jan 26 -
11 10 Apr 26 6.000 46 6 Mar 26 5.500 81 30 Jan 26 -
12 9 Apr 26 5.575 47 5 Mar 26 5.000 82 29 Jan 26 5.300
13 8 Apr 26 5.300 48 4 Mar 26 5.000 83 28 Jan 26 -
14 7 Apr 26 5.350 49 3 Mar 26 4.560 84 27 Jan 26 5.300
15 6 Apr 26 4.900 50 2 Mar 26 4.550 85 26 Jan 26 -
16 5 Apr 26 - 51 1 Mar 26 - 86 25 Jan 26 -
17 4 Apr 26 - 52 28 Feb 26 - 87 24 Jan 26 -
18 3 Apr 26 - 53 27 Feb 26 4.870 88 23 Jan 26 5.300
19 2 Apr 26 4.500 54 26 Feb 26 - 89 22 Jan 26 5.825
20 1 Apr 26 - 55 25 Feb 26 4.970 90 21 Jan 26 5.875
21 31 Mar 26 - 56 24 Feb 26 4.960
22 30 Mar 26 - 57 23 Feb 26 -
23 29 Mar 26 - 58 22 Feb 26 -
24 28 Mar 26 - 59 21 Feb 26 -
25 27 Mar 26 - 60 20 Feb 26 -
26 26 Mar 26 - 61 19 Feb 26 4.940
27 25 Mar 26 4.500 62 18 Feb 26 4.940
28 24 Mar 26 - 63 17 Feb 26 -
29 23 Mar 26 - 64 16 Feb 26 -
30 22 Mar 26 - 65 15 Feb 26 -
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31 21 Mar 26 - 66 14 Feb 26 -
32 20 Mar 26 - 67 13 Feb 26 5.300
33 19 Mar 26 - 68 12 Feb 26 4.930
34 18 Mar 26 - 69 11 Feb 26 5.475
35 17 Mar 26 4.490 70 10 Feb 26 5.500
Total Highest Price IDR 236,435,-
Trading Days 56
Highest Average Price IDR 5,374,-
Offer Price IDR 5,400,-
ALL SHAREHOLDERS ARE ADVISED TO CONSULT WITH THEIR RESPECTIVE TAX
ADVISORS IN DETERMINING THE TAX CONSEQUENCES THAT MAY ARISE IN
CONNECTION WITH THE SALE OF THEIR SHARES IN THE COMPANY.
V. EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
A. EGMS Schedule
The EGMS regarding the Go Private Plan and Delisting will be held on Friday, 5 June 2026. The
EGMS will also be conducted electronically through the eASY.KSEI facility pursuant to OJK
Regulation No. 15/POJK.04/2020 dated 21 April 2020 on the Plan and Conduct of General Meetings
of Shareholders of Public Companies ("POJK 15/2020") and OJK Regulation No 14/POJK.04/2025
dated 1 July 2025 on the Conduct of General Meetings of Shareholders, General Meetings of
Bondholders, and General Meetings of Sukuk Holders Electronically ("POJK 14/2025").
The announcement of the EGMS, together with this Disclosure of Information, was published on 21
April 2026 on the IDX website, the Company’s website, and the eASY.KSEI facility.
Shareholders entitled to attend the EGMS with respect to the agenda item for approval of the Go
Private Plan and Delisting are the Independent Shareholders whose names are recorded in the
Company’s Register of Shareholders as at the Recording Date (as described below).
In connection with the foregoing, the Company strongly urges all Independent Shareholders to:
(i) attend the EGMS, either in person or electronically,
(ii) grant a power of attorney electronically through the eASY.KSEI facility; or
(iii) grant a physical power of attorney to a party designated by the Company’s Securities
Administration Bureau (”BAE”).
All Independent Shareholders of the Company who will attend the EGMS or grant a power of attorney
in the manner described above are required to sign a Declaration of Independent Shareholder
available on the Company’s website (www.ibstower.com) from the date of the EGMS Invitation or
on 6 May 2026. The signed Declaration must be submitted to the Company and the BAE prior to the
closing of EGMS registration.
Further information regarding the conduct of the EGMS, including but not limited to the procedures
for attending or granting a power of attorney at the EGMS, submission of power of attorney forms
and/or Declaration of Independent Shareholder forms, and voting procedures, will be set out in
greater detail in the EGMS Invitation on 6 May 2026, which will be announced on the IDX website,
the Company’s website, and the eASY.KSEI facility
10
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Unofficial Translation
B. EGMS Agenda Items
The EGMS Agenda Items for the Go Private Plan and Delisting are as follows:
First Agenda Item : Approval of the Plan to Change the Status of the Company to a Private
Company ("Go Private Plan"), which comprises:
a. approval of the change of status of the Company from a public
company to a private company;
b. approval of the delisting of the Company’s shares from the
Indonesia Stock Exchange (Delisting);
c. approval of the appointment of supporting professional parties
required in connection with the Go Private Plan; and
d. granting of full authority to the Board of Directors of the Company
to take any and all actions necessary or deemed necessary in
connection with the implementation or completion of the Go
Private Plan.
Second Agenda Item : Approval of the amendment of the entire Articles of Association of the
Company in connection with the change of status of the Company
from a public company to a private company, including the adjustment
of the Company’s name, and granting of authority to the Board of
Directors of the Company to take all actions necessary to implement
the amendment to the Articles of Association of the Company.
Pursuant to POJK 45/2024 and POJK 15/2020, the First Agenda Item of the EGMS must be attended
by Independent Shareholders representing more than 1/2 of all shares with voting rights held by the
Independent Shareholders, and the resolution shall be adopted based on affirmative votes cast by
Independent Shareholders representing more than 1/2 (half) of all shares with valid voting rights
held by the Independent Shareholders.
In the event that the attendance quorum referred to above is not achieved, a second EGMS may be
convened, provided that the EGMS is attended by more than 1/2 (half) of the total shares with valid
voting rights held by Independent Shareholders. The second EGMS may be held within a period of
not less than 10 (ten) days and not more than 21 (twenty-one) days after the first EGMS is held.
Pursuant to Article 18, paragraph 7 of the Company’s Articles of Association, the Second Agenda
Item of the EGMS must be attended by shareholders representing at least 2/3 (two-thirds) of the
total shares with valid voting rights, and the resolution shall be valid if approved by more than 2/3
(two-thirds) of all shares with voting rights present at the EGMS. Given that the Second Agenda Item
of the EGMS is a continuation of the First Agenda Item of the EGMS, in the event that the quorum
and approval of the First Agenda Item of the EGMS are not obtained, the Company will not proceed
with the deliberation of the Second Agenda Item.
In the event that the EGMS approval of the Go Private Plan and Delisting is obtained by the
Company, such approval shall also be deemed to constitute approval of the series of processes of
the Go Private Plan and Delisting to be undertaken by the Company, comprising:
a. Change of status of the Company from a public company to a private company;
b. Delisting of the Company’s shares from the IDX;
c. Appointment of necessary supporting professional parties;
d. Approval of the amendment of the entire Articles of Association of the Company in connection
with the Go Private Plan, including the amendment of the Company’s name; and
e. Granting of authority to the Board of Directors of the Company to take any and all actions
necessary to implement items (a), (b), (c), and (d) above
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Unofficial Translation
VI. LEGAL MATTERS
As at the date of this Disclosure of Information, the Company is not subject to any legal proceedings or
claims from third parties that could materially affect the Company’s Go Private Plan and Delisting, and
there are no material ongoing legal proceedings involving the Board of Directors and/or the Board of
Commissioners of the Company.
VII. KEY DATES IN CONNECTION WITH
THE GO PRIVATE PLAN AND DELISTING
The estimated key dates in connection with the Go Private Plan and Delisting are as follows:
No Activity Date
1. Notification of EGMS Agenda Items to OJK 14 April 2026
2. Submission of the Go Private Plan and Delisting to IDX cc OJK 17 April 2026
3. EGMS Announcement and Disclosure of Information on Go
21 April 2026
Private Plan and Delisting
4. Date of Shareholders Register, for Shareholders Entitled to Attend 5 May 2026
5. EGMS Invitation 6 May 2026
6. EGMS 5 June 2026
7. Submission of Voluntary Tender Offer Statement to OJK and 9 June 2026
Announcement of Voluntary Tender Offer Statement to the Public
8. Estimated date of effectiveness of Voluntary Tender Offer 29 June 2026
Statement from OJK*)
9. Estimated date of announcement of amendment or supplement to 30 June 2026
Voluntary Tender Offer Statement – Final*)
10. Estimated commencement of Voluntary Tender Offer Period 1 July 2026
11. Estimated end of Voluntary Tender Offer Period 30 July 2026
12. Final date for payment of Voluntary Tender Offer 11 August 2026
13. Reporting of Voluntary Tender Offer results to OJK 27 August 2026
14. Estimated approval by the Minister of Law of the amendment to 15 February 2027
the Company’s articles of association*)
15. Estimated application for revocation of the effectiveness of the 22 February 2027
Registration Statement in connection with the Public Offering of
equity securities or the Public Company Registration Statement to
OJK*)
16. Estimated revocation by OJK of the effectiveness of the 19 March 2027
Registration Statement in connection with the Public Offering of
equity securities and/or Public Company Registration Statement*)
17. Estimated delisting of Securities by IDX*) 8 April 2027
18. Estimated cancellation of collective custody by KSEI*) 8 April 2027
*) The key dates above are provided as preliminary information to shareholders. All processes remain subject to the approval of
OJK, IDX, KSEI, and other relevant authorities.
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Unofficial Translation
VIII. OTHER INFORMATION
Shareholders who require further information regarding the Go Private Plan and Delisting may contact
the Company at the following details:
PT Inti Bangun Sejahtera Tbk
Menara BCA, 49th Floor
Jl. M.H. Thamrin No. 1 Jakarta 10310
Phone: +62 21 23585555
Website: www.ibstower.com
Email: corpsec@ibstower.com
PT Raya Saham Registra
Plaza Sentral, 2nd Floor,
Jalan Jendral Sudirman Kav. 47-48
Jakarta 12930
Phone: +62-21 2525666
The Company’s Board of Directors
21 April 2026
13
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FINANCIAL SERVICES AUTHORITY
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INDONESIA STOCK EXCHANGE
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H. Thamrin
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PT Inti Bangun Sejahtera’s Delisting
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Minister of Justice
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Bapepam
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Linda Herawati
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Minister of Law
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Minister of Law and Human Rights
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Yulia
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PT Raya Saham Registra
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Ministry of Law and Human Rights
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PT Prisma Sentra Telekomunikasi
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Buntario Tigris Darmawa
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Notary Caesaria Dhamayanti
· Notaris
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Christina Dwi Utami
· Notaris
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Purwantono
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PT Raya Saham Registra Plaza Sentral
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