INFORMATION TO SHAREHOLDERS IN RELATION TO THE COMPANY’S PLAN TO BUY BACK ITS SHARES DURING SIGNIFICANT MARKET FLUCTUATION

INFORMATION TO SHAREHOLDERS IN RELATION TO THE COMPANY’S PLAN TO BUY BACK ITS SHARES DURING SIGNIFICANT MARKET FLUCTUATION

PT Sarimelati Kencana Tbk., (the “Company”) plans to buy back its shares which has been issued and recorded at the Indonesia Stock Exchange (the “IDX”) in accordance with the Regulation  of  Financial  Services  Authority  (Otoritas  Jasa  Keuangan  /  the  “OJK”)  No.

2/POJK.04/2013 dated 23rd  of August 2013 concerning Buyback of Shares which Has Been Issued by Issuers or Public Companies during Significant Fluctuating Market Condition (the “POJK 2/2013”) and OJK Circular Letter No. 3/SEOJK.04/ 2020 dated 9th of March 2020 concerning Other Conditions Considered Significantly Fluctuating Market Condition during the Buyback of Shares Issued by Issuers or Public Companies (the “SEOJK 3/2020”), amounting to maximum Rp.60,000,000,000 (sixty billion Rupiah).

Pursuant to SEOJK 3/2020, the total buyback shares shall not exceed 20% (twenty percent) of the paid-up capital, on condition that the minimum outstanding shares shall be 7.5% (seven point five percent) of such paid-up capital. The Buyback of Company’s Shares during Significantly Fluctuating Market Condition (the “Buyback Shares”) will be carried out gradually in the period of 3 (three) months effective from the date of this Disclosure of

Information.  The  Buyback  Shares  will  be  executed  based  on  the  consideration  of  the

Company’s Board of Directors through the IDX.

PT Sarimelati Kencana Tbk., (the “Company”) plans to buy back its shares which has been issued and recorded at the Indonesia Stock Exchange (the “IDX”) in accordance with the Regulation  of  Financial  Services  Authority  (Otoritas  Jasa  Keuangan  /  the  “OJK”)  No.

2/POJK.04/2013 dated 23rd  of August 2013 concerning Buyback of Shares which Has Been Issued by Issuers or Public Companies during Significant Fluctuating Market Condition (the “POJK 2/2013”) and OJK Circular Letter No. 3/SEOJK.04/ 2020 dated 9th of March 2020 concerning Other Conditions Considered Significantly Fluctuating Market Condition during the Buyback of Shares Issued by Issuers or Public Companies (the “SEOJK 3/2020”), amounting to maximum Rp.60,000,000,000 (sixty billion Rupiah).

Pursuant to SEOJK 3/2020, the total buyback shares shall not exceed 20% (twenty percent) of the paid-up capital, on condition that the minimum outstanding shares shall be 7.5% (seven point five percent) of such paid-up capital. The Buyback of Company’s Shares during Significantly Fluctuating Market Condition (the “Buyback Shares”) will be carried out gradually in the period of 3 (three) months effective from the date of this Disclosure of

Information.  The  Buyback  Shares  will  be  executed  based  on  the  consideration  of  the

Company’s Board of Directors through the IDX   

 

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