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Page 1
                           KETERBUKAAN INFORMASI
   DALAM RANGKA PEMENUHAN PERATURAN OTORITAS JASA KEUANGAN NO.29 TAHUN 2023
                                (POJK 29/2023)
    SEHUBUNGAN DENGAN RENCANA PERSEROAN MELAKUKAN PEMBELIAN KEMBALI SAHAM
                                  PERSEROAN

                              DISCLOSURE OF INFORMATION
      IN COMPLIANCE WITH THE FINANCIAL SERVICES AUTHORITY REGULATION NO. 29/2023
                                     (POJK 29/2023)
                  IN REGARDS TO THE COMPANY’S SHARES BUYBACK PLAN




                                PT TOTALINDO EKA PERSADA Tbk

               Kegiatan Usaha Utama Bergerak Dalam Bidang Usaha Jasa Konstruksi

                                           KANTOR PUSAT
                            Jl. Tebet Raya No. 14A Jakarta Selatan 12810
                        Telepon : (021) 837921 92 - 95 Fax : (021) 83792199
                                    Website www.totalindo.co.id
                             Email corporate.secretary@totalindo.co.id

Keterbukaan Informasi kepada para pemegang         This Information Disclosure to shareholders
saham (“Keterbukaan Informasi”) ini dibuat dan     ("Information Disclosure") is made and addressed
ditujukan kepada Pemegang Saham PT Totalindo       to the Shareholders of PT Totalindo Eka Persada
Eka Persada Tbk (“Perseroan”) dan masyarakat       Tbk (the "Company") and the public in order to
dalam rangka memenuhi ketentuan Peraturan          comply with the provisions of the Financial
Otoritas Jasa Keuangan (“OJK”) No. 29 Tahun 2023   Services Authority ("OJK") Regulation No. 29 of
tentang Pembelian Kembali Saham Yang               2023 concerning Buyback of Shares Issued by
Dikeluarkan Oleh Perusahaan Terbuka (“POJK No.     Public Companies ("POJK No. 29/2023").
29/2023”).


   INFORMASI KEPADA PEMEGANG SAHAM                 INFORMATION TO SHAREHOLDERS IN REGARDS
 SEHUBUNGAN DENGAN RENCANA PEMBELIAN                 TO THE COMPANY’S SHARES BUYBACK PLAN
       KEMBALI SAHAM PERSEROAN

PT Totalindo Eka Persada Tbk (“Perseroan”)         PT Totalindo Eka Persada Tbk (“The Company”)
merencanakan untuk melakukan pembelian             plans to conduct buyback of the Company's shares
kembali saham Perseroan (“Buyback”) yang telah     (“Buyback”) that have been issued and listed on
dikeluarkan dan tercatat di Bursa Efek Indonesia   the Indonesia Stock Exchange (“IDX”) in
(“Bursa Efek”) sesuai Peraturan Otoritas Jasa      accordance with the Financial Services Authority
Keuangan No. 29 Tahun 2023 tanggal 29              (“FSA”) Regulation No. 29/2023 released 29
Desember 2023 tentang Pembelian Kembali            December 2023 concerning the Buyback of Shares
Page 2
Saham Yang Dikeluarkan Oleh Perusahaan                      Issued by Public Companies (“FSA Regulation No.
Terbuka (“POJK 29/2023”). Perkiraan jumlah nilai            29/2023”). The Buyback total values is estimated
nominal seluruh saham yang akan dibeli kembali              to be up to Rp. 15.000.000.000 (fifteen billion
sebanyak-banyaknya Rp.15.000.000.000 ( lima                 rupiah ), which shall be executed through IDX or
belas milyar rupiah ) yang akan dilakukan melalui           outside IDX, whether in stages or at once, and shall
Bursa Efek maupun di luar Bursa Efek, secara                be completed no later than 12 (twelve) months
bertahap dan diselesaikan paling lambat 12 (dua             upon obtaining approval from Annual General
belas) bulan setelah persetujuan RUPST dan OJK.             Meeting of Shareholders (“AGMS”) and Financial
Buyback       akan      dilaksanakan      dengan            Services Authority (“FSA”). The Buyback shall be
memperhatikan kondisi likuiditas dan permodalan             exercised with regards to the Company's capital
Perseroan, serta ketentuan peraturan perundang-             adequacy, liquidity, and in accordance with the
undangan yang berlaku.                                      prevailing laws and regulations.


Keterbukaan Informasi diterbitkan di Jakarta pada This Disclosure of Information is issued in Jakarta
tanggal 30 Mei 2024                               on 30 May 2024

      PERKIRAAN JADWAL WAKTU PELAKSANAAN                             ESTIMATED TIMELINE OF SHARES
            PEMBELIAN KEMBALI SAHAM                                            BUYBACK

 1.     Tanggal Pemberitahuan kepada                         1.   Date of Notification to the
        OJK dan BEI tentang Rencana    :   31 Mei 2024            FSA and IDX regarding the      : 31 May 2024
        Buyback dan Pengumuman                                    Buyback        plan     and
        Keterbukaan Informasi                                     announcement              of
 2.     Perkiraan tanggal RUPST        :   11 Juli 2024           Disclosure of Information
 3.     Perkiraan Periode Buyback      :   12 (dua belas)    2.   Estimated Date of AGMS         :   11 Juli 2024
                                           bulan setelah     3.   Estimated Buyback Period       :   12         (twelve)
                                           persetujuan                                               months        upon
                                           RUPST dan                                                 obtainingapproval
                                           OJK                                                       from AGMS and
                                                                                                     FSA

   KETERANGAN PERKIRAAN BIAYA PEMBELIAN                        DESCRIPTION OF THE ESTIMATED COST OF
KEMBALI SAHAM, DAN PERKIRAAN JUMLAH NILAI                   BUYBACK, AND THE ESTIMATED NOMINAL VALUE
 NOMINAL SELURUH SAHAM YANG AKAN DIBELI                                     OF BUYBACK
                    KEMBALI
Jumlah nilai nominal seluruh saham yang akan                The maximum value of Buyback which will be
dibeli kembali diperkirakan maksimal sebesar Rp             carried out is estimated to be up to Rp.
15.000.000.000 ( lima belas milyar rupiah )                 15.000.000.000 (fifteen billion rupiah) (“Estimated
Pelaksanaan dan besaran nominal pembelian                   Buyback Value”). The execution and the total value
kembali saham Perseroan akan dilaksanakan                   of buyback shares will be determined subsequent
setelah adanya persetujuan RUPST dan OJK.                   to obtaining the approval from AGMS and FSA.
(“Perkiraan Nilai Buyback”). yang mana biaya itu            which costs are not yet including securities
belum termasuk komisi perantara pedagang efek               brokerage commissions and other costs related
dan biaya-biaya lainnya yang terkait dengan itu.            thereto. The execution of the Buyback and the
Pelaksanaan Buyback dan jumlah keseluruhan                  total value of the Treasury Stock owned by the
Treasury Stock yang dimiliki Perseroan tidak akan           Company shall not exceed 10% (ten percent) of the
melebihi 10% (sepuluh persen) dari jumlah modal             total issued capital in the Company in accordance
yang ditempatkan dalam Perseroan sesuai dengan              with the prevailing laws and regulations.
Page 3
ketentuan dan peraturan perundang-undangan           The number of the Company’s Free Float Shares
yang berlaku.                                        will not be lower than 7.5% (seven point five
Jumlah Saham Free Float Perseroan tidak akan         percent) of the number of shares recorded in
lebih rendah dari 7,5% (tujuh koma lima persen)      accordance with the prevailing laws and
dari jumlah saham tercatat sesuai dengan             regulations.
ketentuan dan peraturan yang berlaku.
   PENJELASAN, PERTIMBANGAN DAN ALASAN               EXPLANATION, CONSIDERATIONS, AND REASONS
  DILAKUKANNYA PEMBELIAN KEMBALI SAHAM                      TO CARRY OUT 2024 BUYBACK
Pelaksanaan pembelian kembali saham Perseroan        The implementation of the Buyback is aimed to
dilatarbelakangi upaya untuk meningkatkan            increase employee’s engagement and ownership
engagement dan ownership pekerja atas                of the Company. This is expected to be achieved
Perseroan. Dalam hal ini, program tersebut           through the Management and Employee Share
diimplementasikan dalam bentuk Program               Ownership Program. In this case, the program will
Kepemilikan Saham Manajemen dan Pekerja yang         be implemented as part of remuneration scheme
merupakan bagian dari keseluruhan skema              for Management and Employees on variable basis
remunerasi untuk Manajemen dan Pekerja yang          so that employees are encouraged to contribute
bersifat variabel. Sehingga Pekerja terdorong        more optimally in order to achieve the Company's
berkontribusi lebih optimal terhadap pencapaian      targets. In addition to employees, this share
target Perseroan. Selain Pekerja, program            ownership program is planned to be intended for
kepemilikan saham ini direncanakan dapat             the Board of Directors and Board of
diperuntukan bagi Direksi dan Dewan Komisaris        Commissioners      except     for    Independent
kecuali Komisaris Independen. Selain itu, program    Commissioners. In addition, the Management
Buyback ini juga dilandasi keyakinan manajemen       considers that the Company’s performance and
Perseroan akan kinerja dan prospek kinerja           prospect will continue to improve, therefore the
perusahaan ke depan yang akan terus membaik,         buyback will add v palue to the stakeholders.
sehingga dapat memberikan value kepada
stakeholders.
         SUMBER PENDANAAN, PERKIRAAN                       SOURCE OF FUNDS, ESTIMATION OF THE
   MENURUNNYA PENDAPATAN PERUSAHAAN                      DECLINE OF THE COMPANY’S REVENUE AS A
   SEBAGAI AKIBAT PELAKSANAAN PEMBELIAN                 RESULT OF THE EXECUTION OF BUYBACK AND
   KEMBALI SAHAM DAN DAMPAK ATAS BIAYA                        THE IMPACT TO THE COMPANY’S
            PEMBIAYAAN PERUSAHAAN                                       FINANCING
Perseroan akan menggunakan kas internal              The Company plans to utilize its internal cash to
Perseroan untuk Buyback dengan berpedoman            finance the Buyback and the Buyback 2024
pada POJK 29/2023. Berdasarkan sumber dana           pursuant to FSA Regulation No. POJK 29/2023.
yang digunakan maka aset dan ekuitas                 Based on the source of funds, the Company’s
diperkirakan akan menurun sebesar-besarnya           assets and equity are estimated to decrease to a
sejumlah Perkiraan Nilai Buyback. Pelaksanaan        maximum amount of The Estimated Buyback
Buyback diprediksikan tidak akan menyebabkan         Value. The execution of the Buyback is predicted to
kekayaan bersih Perseroan menjadi lebih kecil dari   not cause The Company's net worth to be less than
jumlah modal yang ditempatkan ditambah               the total issued capital plus the mandatory
cadangan wajib yang telah disisihkan, termasuk       reserves, including its revenues and operating
dari sisi pendapatan maupun biaya operasional.       expenses.
   PROFORMA LABA PER SAHAM PERUSAHAAN                     THE COMPANY'S PRO-FORMA EARNINGS
 SETELAH RENCANA PEMBELIAN KEMBALI SAHAM                  PER SHARE UPON THE EXECUTION OF THE
                 DILAKSANAKAN                                            BUYBACK
Page 4
Berikut merupakan proforma Total Aset, Ekuitas,                Below are the pro-forma Total Assets, Equity,
Laba Tahun Berjalan dan Laba per Saham sebagai                 Profit for the Period and Earnings per Share as an
gambaran Laporan Keuangan per tanggal 31                       illustration of the Consolidated Financial
Desember 2023 dengan memperhitungkan                           Statements as of 31 December 2023 after
Perkiraan Nilai Buyback.                                       considering the Estimated Buyback Value.

               Periode Laporan Keuangan                                            Financial Statement
      Yang berakhir pada tanggal 31 Desember 2023                        For the period ended 31 December 2023
                                          Setelah                                     Before the          After the
  Keterangan     Sebelum Buyback                                  Description
                                          Buyback                                      Buyback            Buyback
   Total Aset     1.590.598.414.059     1.575.598.414.059         Total Asset     1.590.598.414.059     1.575.598.414.059

  Total Ekuitas    428.861.355.469      413.861.355.468          Total Equities    428.861.355.469       413.861.355.468
  Laba (RUGI)                                                        NPAT         (325.219.924.023)     (323.719.924.023)
                  (325.219.924.023)     (323.719.924.023)
    Bersih
                                                                     ROA               (20,45%)              (20,55%)
      ROA              (20,45%)             (20,55%)
    Laba Per                                                          EPS               (9,78)                (9,71)
                         (9,78)               (9,71)
      Saham                                                    Note: Brokerage Fees and other costs do not have a significant
Keterangan: Brokerage Fee dan biaya lainnya tidak              impact on The Company's Total Assets, Total Equity and Profit
berdampak signifikan terhadap Total Asset, Total Ekuitas dan   and Loss, as excluded from the projections above
Laba-Rugi Perseroan, sehingga dikeluarkan dari proyeksi di
atas.

 PEMBATASAN HARGA SAHAM DALAM RANGKA                           RESTRICTIONS ON SHARE PRICE IN CONNECTION
   PEMBELIAN KEMBALI SAHAM PERSEROAN                                       WITH THE BUYBACK
Buyback akan dilaksanakan dengan harga yang The Buyback shall be conducted at a price deemed
dianggap wajar oleh Perseroan dengan reasonable by The Company as well as comply with
memperhatikan POJK 29/2023.                     FSA Regulation No. 29/2023.
    1. Dalam hal pembelian kembali saham            1. In the event that a share buyback is
       dilakukan melalui Bursa Efek maka harga         executed in the Stock Exchange, the
       penawaran untuk membeli kembali                 buyback offer price must be lower or equal
       saham harus lebih rendah atau sama              to the transaction price that occurred
       dengan harga transaksi yang terjadi             previously; and
       sebelumnya; dan
    2. Dalam hal pembelian kembali saham            2. In the event that the share buyback is
       dilakukan di luar Bursa Efek dan dengan         carried out outside the Stock Exchange
       mengingat saham Perseroan tercatat dan          and considering that the Company's
       diperdagangkan di Bursa, maka harga             shares are listed and traded on the Stock
       pembelian kembali saham Perseroan               Exchange, the highest buyback price is at
       adalah paling tinggi sebesar harga rata-        the average price of the closing price of
       rata dari harga penutupan perdagangan           daily trading on the Stock Exchange for the
       harian di Bursa Efek selama 90 (sembilan        past 90 (ninety) days before the date of
       puluh) hari terakhir sebelum tanggal            the share buyback.
       pembelian      kembali    saham    oleh
       Perseroan.
   JANGKA WAKTU PELAKSANAAN PEMBELIAN                     EXECUTION PERIOD OF THE
         KEMBALI SAHAM PERSEROAN                                    BUYBACK
Page 5
Buyback dilaksanakan secara bertahap, paling The Buyback can be completed gradually no later
lambat 12 (dua belas) bulan setelah persetujuan than 12 (twelve) months upon obtaining approval
RUPST dan OJK.                                  from AGMS and FSA.

   METODE YANG AKAN DIGUNAKAN UNTUK                  METHODS TO BE USED TO BUYBACK THE
   PEMBELIAN KEMBALI SAHAM PERSEROAN                        COMPANY’S SHARES

   1. Buyback dapat dilaksanakan melalui Bursa       1. The Buyback may be executed in Stock
      Efek maupun di luar Bursa Efek sesuai             Exchange or outside Stock Exchange in
      ketentuan peraturan yang berlaku.                 accordance with the prevailing laws and
                                                        regulations.
   2. Buyback yang dilakukan melalui Bursa           2. The Buyback shall be performed by the IDX
      Efek akan dilaksanakan melalui 1 (satu)           by 1 (one) securities broker-dealer
      anggota Bursa Efek.                               company appointed by The Company.

   PEMBAHASAN DAN ANALISIS MANAJEMEN                 MANAGEMENT ANALYSIS AND DISCUSSION
  MENGENAI PENGARUH PEMBELIAN KEMBALI                  ON THE IMPACT OF BUYBACK ON THE
   SAHAM TERHADAP KEGIATAN USAHA DAN                     COMPANY'S BUSINESS ACTIVITIES
     PERTUMBUHAN PERSEROAN DI MASA                                AND GROWTH OF
                 MENDATANG                                          THE COMPANY
Pembelian kembali saham diharapkan dapat           The buyback of shares is expected to maintain
menjaga stabilitas harga saham di masa yang        the stability of the share price in the future,
akan datang, dimana pada saat ini harga saham      where at this time the Company's share price
Perseroan    tidak    mencerminkan     kondisi     does not reflect the fundamental conditions and
fundamental dan prospek Perseroan, diharapkan      prospects of the Company, it is expected that
dengan Pembelian Kembali Saham maka saham          with the Buyback of Shares, the Company's
Perseroan dapat memiliki pergerakan harga          shares can have a positive share price
saham yang positif. Perseroan berkeyakinan         movement. The Company believes that the
bahwa pelaksanaan transaksi Pembelian Kembali      implementation of the Shares Buyback
Saham Perseroan tidak akan memberikan              transaction will not have a material negative
dampak negatif yang material terhadap kegiatan     impact on the Company's business activities
usaha Perseroan mengingat Perseroan memiliki       considering that the Company has sufficient
modal kerja dan arus kas yang cukup untuk          working capital and cash flow to carry out
melaksanakan pembiayaan transaksi bersamaan        transaction financing in conjunction with the
dengan kegiatan usaha Perseroan.                   Company's business activities.
 PERNYATAAN DIREKSI DAN DEWAN KOMISARIS             STATEMENT OF THE COMPANY’S BOARD OF
                  PERSEROAN                         DIRECTORS AND BOARD OF COMMISSIONERS
Direksi dan Dewan Komisaris Perseroan, baik        The Company's Directors and Board of
secara sendiri-sendiri maupun bersama-sama,        Commissioners, both individually and jointly,
bertanggung      jawab      sepenuhnya      atas   are responsible be fully responsible for the
kelengkapan dan kebenaran seluruh informasi        completeness and correctness of all
atau fakta material yang dimuat dalam              information or material facts contained in this
Keterbukaan Informasi ini dan menegaskan           Information Disclosure and confirms that the
bahwa informasi yang dikemukakan dalam             information stated in
Keterbukaan Informasi ini adalah benar dan tidak   Disclosure of this information is correct and no
ada fakta material yang tidak dikemukakan yang     material facts that have not been stated can be
dapat menyebabkan informasi material dalam
Page 6
Keterbukaan Informasi ini menjadi tidak benar     obtained causes material information in this
dan/atau menyesatkan.                             Information Disclosure to be incorrect and/or
                                                  misleading.

            TAMBAHAN INFORMASI                             ADDITIONAL INFORMATION

Apabila terdapat hal-hal yang kurang jelas dari   If there are things that are unclear from this
Keterbukaan Informasi ini atau apabila pemegang   Information Disclosure or if shareholders want
saham menginginkan tambahan informasi             additional information related to the
sehubungan dengan Buyback Perseroan, para         Company's Buyback, shareholders are
pemegang saham dipersilahkan menghubungi :        welcome to contact :

         PT TOTALINDO EKA PERSADA Tbk                     PT TOTALINDO EKA PERSADA Tbk
              CORPORATE SECRETARY                              CORPORATE SECRETARY
  Jl. Tebet Raya, No.14A Jakarta Selatan 12810     Jl. Tebet Raya, No.14A Jakarta Selatan 12810
          Telepon : +62 21 83792192 - 95                   Telepon : +62 21 83792192 - 95
            Faksimili : +62 21 83792199                      Faksimili : +62 21 83792199
          Website : www.totalindo.co.id                    Website : www.totalindo.co.id

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Published31 May 2024
Pages6
Characters20,924
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unresolved org FINANCIAL SERVICES AUTHORITY p.1 ×2
unresolved org PT Totalindo p.1
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