20240405_SRTG_Laporan Informasi dan Fakta Material_31625404_lamp3.pdf

     For that reason, the Company seeks a flexibility that allows the Company to have a
     mechanism to maintain the stability of the Company’s share market price so it could more
     reflect the Company’s value/performance.

     The Company plans to keep the shares that have been bought back as treasury shares
     for a period of not more than 3 (three) years. With reference to the provisions under OJK
     Regulation No. 29/2023, other than for the Company’s Long Term Incentive Program, the
     Company may at any time transfer such shares in accordance with Article 21 of OJK
     Regulation No. 29/2023 under the following manners:
     (i)    sold through IDX or outside IDX;
     (ii)   being withdrawn by way of capital decrease;
     (iii)  payment/settlement of certain transaction;
     (iv) for conversion of securities in equity form issued by the Company;
     (v)    distribution of shares resulting from the buyback to the shareholders proportionally;
            and/or
     (vi) other manners with the approval from the Financial Services Authority.

D.   Estimation of the Decrease of the Company’s Income as a Result from the
     Implementation of Buyback of Shares and Impact upon the Financing Cost of the
     Company
     The Company estimates that there is no impact on the decrease of the Company’s
     income and no impact on the Company’s financing cost due to the implementation of the
     Buyback of Shares.

E.   Pro Forma of Profit Per Company’s Share Upon the Implementation of Buyback of
     Shares by Taking into Account the Decrease of Income
     Since there is no impact of decreasing income as a result of the Company’s Buyback of
     Shares, there is no change in the Company’s pro forma of profit.

F.   Limit of Shares Price for the Buyback of Shares
     The Buyback of Shares price will be determined based on the provisions of Article 11 and
     Article 12 of OJK Regulation No. 29/2023.

G. Limit of the Buyback of Shares Period
   The Buyback of Shares will be conducted within the maximum period of 12 (twelve)
   months since the Buyback of Shares has been approved by the EGMS on 16 May 2024.

H.   Method Used for the Buyback of Shares
     The Buyback of Shares will be conducted through IDX or outside the IDX. The Company
     will appoint PT Indo Premier Sekuritas, as the member of IDX, to exercise the Buyback
     of Shares through IDX.

I.   Management Discussion and Analysis on the Impact of the Buyback of Shares on
     the Business Activities and Growth of the Company in the Future
     The implementation of the Buyback of Shares will not affect the business activities and
     operational of the Company because the Company already has sufficient working capital
     to operate the Company’s business activities.

J.   The Source of Fund that Will be Used for the Implementation of Buyback of Shares
     The source of funds that will be used to carry out the Buyback of Shares will be entirely
     internal funds from the Company, and are not funds from a public offering, or funds
     originating from loans and/or debt in any form and will not significantly affect the
     Company's financial ability to meet its obligations that will mature.

II.   DISCLOSURE OF INFORMATION REGARDING SHARES TRANSFER RESULTING
      FROM BUYBACK OF SHARES (IN ACCORDANCE WITH THE ARTICLE 21 LETTER
      C JUNCTO ARTICLE 25 LETTER E OJK REGULATION NO. 29/2023)

A.    Background of the Buyback of Shares to be Transferred
      1. The EGMS approval date on the Buyback      :   16 May 2024
         of Shares
      2. Period for implementing Buyback of         :   The Buyback of Shares is planned to be
         Shares                                         implemented as of the Company has
                                                        obtained the approval from the EGMS, i.e.
                                                        16 May 2024.
      3. Realization of Buyback of Shares           :   The realization of Buyback of Shares will be
                                                        carried out in accordance with the Buyback
                                                        of Shares implementation period
      4. Source of shares resulting from the        :   Originating from the Buyback of Shares
         buyback to be transferred
      5. Deadline for transfer the buyback shares   :   No later than 3 years since the completion of
                                                        Buyback of Shares
      6. Number of shares to be transferred         :   maximum number of shares resulting from
                                                        the Buyback of Shares or 75,000,000
                                                        (seventy-five million) shares

B.    Objectives of Shares Transfer
      The Company will transfer shares resulting from the Buyback of Shares to the Company’s
      employees for the implementation of Company’s Long Term Incentive Program.

C.    Requirements for Employees, Directors, and/or Board of Commissioners as
      Eligible Recipients of Shares
      The Parties entitled to receive shares are members of the Board of Directors and
      employees of the Company as determined by the Board of Directors, taking into account
      the applicable provisions and reviewed by the Nomination and Remuneration Committee.

D.    Implementation Period Plan (Exercise)
      The planned implementation period is from July 1, 2025, to June 30, 2028.

E.    Exercise Price or Method of Calculating Shares Exercise Price
      The exercise price is in accordance with the Buyback of Shares price.

F.    Amount or Scale of Payments by Employees, Directors, and/or Board of
      Commissioners of the Company
      There is no amount of payments made by employees and/or members of the Board of
      Directors.

G. Proforma Capital Structure Before and After the Exercise Period
   The capital structure remains unchanged as there is no reduction in the Company's
   issued and paid-up capital resulting from the share transfer implementation.

H.    Lock-Up Provisions (if Lock-up Provisions Exist)
      There is no Lock Up for the shares transferred to the Employee resulting from the
      Company’s Long Term Incentive Program.

                                       Jakarta, 5 April 2024
                                      The Board of Directors