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20260603_IBST_Laporan Informasi dan Fakta Material_32096804_lamp3.pdf
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AMENDMENTS AND/OR ADDITIONAL
DISCLOSURE OF INFORMATION TO SHAREHOLDERS
(“ADDITIONAL 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 ADDITIONAL DISCLOSURE OF INFORMATION IS AN AMENDMENT AND/OR ADDITIONAL
TO THE DISCLOSURE OF INFORMATION TO SHAREHOLDERS PUBLISHED ON 21 APRIL 2026
THIS ADDITIONAL 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 ADDITIONAL 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
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.
NOTICE REGARDING THE CONVENING OF AN EXTRAORDINARY GENERAL MEETING OF
SHAREHOLDERS (“EGMS”) REQUIRING THE APPROVAL OF INDEPENDENT SHAREHOLDERS
AND DISCLOSURE OF INFORMATION TO SHAREHOLDERS WAS ANNOUNCED ON APRIL 21,
2026, ON THE WEBSITE OF PT BURSA EFEK INDONESIA (“IDX”), THE WEBSITE OF PT
KUSTODIAN SENTRAL EFEK INDONESIA (“KSEI”), AND THE COMPANY’S WEBSITE. THIS
ADDITIONAL DISCLOSURE WAS ANNOUNCED ON 3 JUNE 2026 ON THE BEI WEBSITE, THE
KSEI WEBSITE, AND THE COMPANY’S WEBSITE.
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
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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 ADDITIONAL
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 Additional Disclosure of Information is issued in Jakarta on 3 June 2026
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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 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 Additional Disclosure of Information.
This Additional 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 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 conduct TOWR Group’s restructuring, including reviewing the
status of TOWR’s shareholdings (both direct and indirect) in several subsidiaries.
The simplification of the corporate structure within the TOWR Group, including the change in the status
of subsidiaries from public companies to private companies, is part of a strategic move to gain flexibility
in determining corporate actions that align with the Group’s current business needs, improve time and
cost efficiency in decision-making, and reduce complexity in the process of complying with regulatory
requirements that may continue to evolve in line with economic and business developments.
The transition of the subsidiaries to a privately held company will enable a more agile and efficient
Group structure, making it easier to achieve synergies among business entities and allowing
management to focus on the TOWR Group’s long-term business strategy.
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. Based on the letter from Iforte
dated 10 April 2026, regarding the Progress Report on the Fulfillment of the Obligation to Re-transfer
the Company’s Shares as of 31 March 2026, the number of shares resulting from the mandatory tender
offer that must be re-transferred is 133,292,672 (one hundred thirty-three million two hundred ninety-
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two thousand six hundred seventy-two) shares, or approximately 9.87% (nine point eight seven percent)
of the total number of the Company’s shares. As of the date of this Additional Disclosure, the number
of shares that still must be re-transferred is 132,960,672 (one hundred thirty-two million nine hundred
sixty thousand six hundred seventy-two) shares, or approximately 9.84% (nine point eight four percent)
of the total number of the Company’s shares.
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. Furthermore, as of the date of this Additional
Disclosure, the Company has not received any objections from any third parties regarding the
Company’s Go Private and Delisting Plans.
The benefits of the Go Private and Delisting Plan for public shareholders include the following:
a. The Voluntary Tender Offer Price offered by Iforte in connection with this Additional Disclosure (as
explained below) is Rp5,400 (five thousand four hundred Rupiah) per share. This offer price is higher
than the mandatory tender offer price previously conducted by Iforte on 4 October 2024, which was
Rp4,067 (four thousand sixty-seven Rupiah) per share.
b. Through the Voluntary Tender Offer, shareholders may sell their shares via a clear mechanism
without relying on fluctuating daily market trading conditions, while still receiving the tax treatment
applicable to transactions involving shares of a publicly listed company prior to the Company
becoming a privately held company.
Regarding this Go Private and Delisting Plan, the Board of Directors has obtained the approval of the
Company’s Board of Commissioners. The Board of Directors and the Board of Commissioners hereby
recommend that Shareholders approve this Go Private and Delisting Plan at the Company’s
Extraordinary General Meeting of Shareholders on 5 June 2026.
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.
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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 IDX 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 (KBLI
42206), telecommunications installation (KBLI 43212), wholesale of telecommunications
equipment (KBLI 46523), wired telecommunications activities (KBLI 61100), internet service
provider (KBLI 61921), internet interconnection services (NAP) (KBLI 61924), premium SMS
content services (KBLI 61912), other multimedia services (KBLI 61929), data processing (KBLI
63111), owned or leased real estate (KBLI 68111), and other management consultancy activities
(KBLI 70209). 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.
D. Capital Structure and Shareholding of the Company
The capital structure of the Company as at the date of this Additional 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.
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Based on the Shareholders Register as of 31 May 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 May 2026 is as follows:
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), under category
F meaning receiving benefits from the Company, pursuant to Presidential Regulation Number 13
of 2018 on the Implementation of the Know Your Beneficial Owner Principle for Corporations in the
Context of Preventing and Eradicating Money Laundering and Terrorist Financing Offenses
(“Perpres 13/2018”) and Regulation of the Minister of Law and Human Rights of the Republic of
Indonesia Number 15 of 2019 concerning Procedures for the Implementation of the Principle of
Identifying Beneficial Owners of Corporations (“Permen 15/2019”). The reporting referred to herein
is conducted in fulfillment of Perpres 13/2018 and Permen 15/2019.
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 Additional 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:
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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
with a term of office from August 15, 2024, until the conclusion of the fifth GMS following the date
of their appointment, without prejudice to the GMS’ right to terminate their appointment at any
time.
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
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
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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 (KBLI 43212); Wired
Telecommunications Activities (KBLI 61100); Satellite Telecommunications Activities
(KBLI 61300); Internet Service Provider (KBLI 61921); Data Communication System
Services (KBLI 61922); Internet Interconnection Services (NAP) (KBLI 61924); Wholesale
of Telecommunications Equipment (KBLI 46523); and Telecommunications Central
Construction (KBLI 42206).
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
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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
5) Summary of Financial Data of Iforte
Set out below is a summary of key financial data based on Iforte’s Financial Statements
for the year ended 31 December 2025, which have been audited by Public Accounting
Firm KAP Purwantono, Sungkoro, & Surja pursuant to report No.
00773/2.1505/AU.1/10/0694-1/1/IV/2026 dated April 22, 2026, which expressed an
unqualified opinion in all material respects, signed by Public Accountant Feniwati
Chendana.
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Statement of Financial Position
(in million Rupiah)
Statement of Financial Year ended 31 December
Position 2025 2024 2023
Current Assets 2,585,213 2,768,991 2,153,885
Non-Current Assets 21,016,018 19,635,200 12,216,326
Total Assets 23,601,231 22,404,191 14,370,211
Current Liabilities 6,401,942 7,714,685 6,682,001
Non-Current Liabilities 14,884,151 13,619,255 7,627,552
Total Liabilities 21,286,093 21,333,940 14,309.553
Equity 2,315,138 1,070,251 60,658
Total Liabilities and Equity 23,601,231 22,404,191 14,370,211
Statement of Profit and Loss
(in million Rupiah)
Statement of Profit and Year ended in 31 December
Loss 2025 2024 2023
Revenue 5,469,783 4,779,764 3,596,485
Cost of Revenue (2,040,813) (1,880,590) (1,436,131)
Gross Profit 3,428,970 2,899,174 2,160,354
Profit for the Year 1,102,318 984,325 829,071
Total Comprehensive Profit 1,219,699 988,447 830,254
for the Year
Basic Earnings per Share 1,356,655,301,793 1,188,095,123,034 959,887,910,442
Attributable to the Owners
of the Parent Entity (Full
amount)
Key Financial Ratios
Year ended in 31 December
Keterangan
2025 2024 2023
Current Ratio 40.38% 35.89% 32.23%
Debt to Equity Ratio 919.43% 1.993.36% 2.3590.55%
Debt to Assets Ratio 90.19% 95.22% 99.58%
Gross Profit Margin 62.69% 60.66% 60.07%
Net Profit Margin 20.15% 20.59% 23.05%
Return on Equity 47.61% 91.97% 1.366.80%
Return on Assets 4.67% 4.39% 5.77%
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") up to a maximum of 650,832 (six hundred fifty thousand eight hundred thirty-
two) shares held by public shareholders, representing 0.05% (zero point zero five percent) of the
total number of shares issued and fully paid up in the Company. 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 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 is IDR 5,400.- per share ("Offer Price").
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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, at which point the number of the Company’s shareholders will be less than
50 (fifty) parties or such other number as determined by the OJK..
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 09-Feb-26 5.500
2 19-Apr-26 - 37 15-Mar-26 - 72 08-Feb-26 -
3 18-Apr-26 - 38 14-Mar-26 - 73 07-Feb-26 -
4 17-Apr-26 7.725 39 13-Mar-26 4.490 74 06-Feb-26 5.100
5 16-Apr-26 7.025 40 12-Mar-26 4.490 75 05-Feb-26 5.500
6 15-Apr-26 6.500 41 11-Mar-26 4.530 76 04-Feb-26 -
7 14-Apr-26 6.400 42 10-Mar-26 5.000 77 03-Feb-26 5.300
8 13-Apr-26 6.400 43 09-Mar-26 5.500 78 02-Feb-26 5.300
9 12-Apr-26 - 44 08-Mar-26 - 79 01-Feb-26 -
10 11-Apr-26 - 45 07-Mar-26 - 80 31-Jan-26 -
11 10-Apr-26 6.000 46 06-Mar-26 5.500 81 30-Jan-26 -
12 09-Apr-26 5.575 47 05-Mar-26 5.000 82 29-Jan-26 5.300
13 08-Apr-26 5.300 48 04-Mar-26 5.000 83 28-Jan-26 -
14 07-Apr-26 5.350 49 03-Mar-26 4.560 84 27-Jan-26 5.300
15 06-Apr-26 4.900 50 02-Mar-26 4.550 85 26-Jan-26 -
16 05-Apr-26 - 51 01-Mar-26 - 86 25-Jan-26 -
17 04-Apr-26 - 52 28-Feb-26 - 87 24-Jan-26 -
18 03-Apr-26 - 53 27-Feb-26 4.870 88 23-Jan-26 5.300
19 02-Apr-26 4.500 54 26-Feb-26 - 89 22-Jan-26 5.825
20 01-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 -
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
Source: PT Bursa Efek Indonesia (www.idx.co.id)
Total Highest Price IDR 236,435,-
Number of Trading Days 44
Highest Average Price IDR 5,374,-
Offer Price IDR 5,400,-
11
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Unofficial Translation
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 at 09.00
WIB in Ramayana Terrace, Hotel Indonesia Kempinski Jakarta, Jl. M.H. Thamrin No. 1, Central
Jakarta 10310. 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 Additional Disclosure of Information, was
published on 21 April 2026 and 6 May 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
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
12
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Unofficial Translation
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.
Third Agenda Item : Approval of the Amendment to Article 3 of the Company’s Articles of
Association in connection with the alignment with the 2025 Indonesian
Standard Industrial Classification (KBLI).
Quorum Requirements for the First Agenda Item
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 quorum referred to above is not met, the second EGMS may be held if the
EGMS is attended by more than 1/2 (one-half) of the total number of shares with valid voting rights
held by Independent Shareholders, and the resolution is valid if approved by more than 1/2 (one-
half) of the total number of shares with valid voting rights held by the Independent Shareholders
present at the EGMS. The second EGMS may be held no sooner than 10 (ten) days and no later
than 21 (twenty-one) days after the first EGMS is held.
In the event that the quorum for the second EGMS is not met, a third EGMS may be held, provided
that the third EGMS is valid and has the authority to make decisions if attended by Independent
Shareholders holding valid voting shares, in accordance with the attendance quorum set by the OJK
upon the Company’s request, and the resolution is valid if approved by Independent Shareholders
representing more than 50% (fifty percent) of the shares held by the Independent Shareholders
present at the EGMS. The provisions regarding the convening and conduct of the third EGMS upon
the Company’s request are determined by the OJK.
Quorum Requirements for the Second and Third Agenda Item
Pursuant to Article 18, paragraph 7 of the Company’s Articles of Association, the Second and Third
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.
In the event that the attendance quorum referred to above is not met, the second EGMS may be
held, provided that the second EGMS is valid and has the authority to make decisions if it is attended
by shareholders representing at least 3/5 (three-fifths) of the total number of shares with valid voting
rights, and the decisions of the second EGMS are valid if approved by more than 1/2 (one-half) of
the total shares with voting rights present at the EGMS.
In the event that the attendance quorum for the second EGMS is not met, a third EGMS may be
held, provided that the third EGMS is valid and has the authority to make decisions if it is attended
by shareholders holding shares with valid voting rights in accordance with the attendance quorum
and decision-making quorum established by the OJK upon the Company’s request.
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.
13
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Unofficial Translation
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
VI. LEGAL MATTERS
As at the date of this Additional Disclosure of Information, the Company is not subject to any legal
proceedings or claims from third parties that could 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. Notice of Changes and/or Additions to the Disclosure of 3 June 2026
Information Regarding the Plan to Go Private and Delist (if any
changes occur)
7. EGMS 5 June 2026
8. Submission of Voluntary Tender Offer Statement to OJK and 9 June 2026
Announcement of Voluntary Tender Offer Statement to the Public
9. Estimated date of effectiveness of Voluntary Tender Offer 29 June 2026
Statement from OJK*)
10. Estimated date of announcement of amendment or supplement to 30 June 2026
Voluntary Tender Offer Statement – Final*)
11. Estimated commencement of Voluntary Tender Offer Period 1 July 2026
12. Estimated end of Voluntary Tender Offer Period 30 July 2026
13. Final date for payment of Voluntary Tender Offer 11 August 2026
14. Reporting of Voluntary Tender Offer results to OJK 27 August 2026
15. Estimated approval by the Minister of Law of the amendment to 15 February 2027
the Company’s articles of association*)
16. 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*)
17. 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*)
18. Estimated delisting of Securities by IDX*) 8 April 2027
19. 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.
14
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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 during business hours from 08:30 to 17:30 WIB at the following details:
PT Inti Bangun Sejahtera Tbk
Menara BCA, 49th Floor
Jl. M.H. Thamrin No. 1 Jakarta 10310
Business Hours: Monday to Friday, 08:30–17:30 WIB.
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
3 June 2026
15
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FINANCIAL SERVICES AUTHORITY
p.1
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org
INDONESIA STOCK EXCHANGE
p.1 ×4
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H. Thamrin
p.1 ×4
unresolved
org
PT KUSTODIAN SENTRAL EFEK INDONESIA
p.1
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org
PT Inti Bangun Sejahtera’s Delisting
p.3
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person
Yulia S.H.
· Notaris
p.4 ×5
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org
Minister of Justice
p.4 ×2
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Bapepam
p.4 ×4
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Linda Herawati
· Notaris
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Minister of Law
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Minister of Law and Human Rights
p.4 ×5
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PT Raya Saham Registra
p.6
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Ministry of Law and Human Rights
p.6
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org
PT Prisma Sentra Telekomunikasi
p.8
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person
Buntario Tigris Darmawa
· Notaris
p.8
unresolved
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Notary Caesaria Dhamayanti
· Notaris
p.8 ×2
unresolved
person
Christina Dwi Utami
· Notaris
p.9
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PT Raya Saham Registra Plaza Sentral
p.15
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