By referring to the provisions of the Financial Services Authority (“OJK”) Regulation No.31/POJK.04/2015 concerning Disclosure of Information or Material Facts by Issuers or Public Companies (“POJK 31/ 2015”) the Company hereby informs that there was a material information or fact as regulated in POJK 31/2015.
The following is the description of such material information or fact:
- LAI and LSA have signed a Shareholder Loan Agreement (Revolving) No: 055/Leg.Eks/LAI/VII/2024 dated 4 July 2024 (the “Agreement”);
- Based on the Agreement, LAI (as Lender) provides a loan to LSA (as Borrower), whereas such loan is a revolving loan;
- The following are some provisions agreed in the Agreement:
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- The purpose of the loan is to finance LSA’s business activities.
- The maximum loan limit is IDR2,000,000,000.-
- The Agreement period is 3 years as of the date of the Agreement and may be extended by written agreement of the Parties.
- The interest rate for the Loan shall be 8.50% per annum (“Interest”). LAI may alter the Interest by giving written notification to LSA.
This Business Activities Financing is also classified as an affiliated transaction because LAI are subsidiaries of the Company and LSA are subsidiaries of LAI in which the Company owns more than 99% of the shares LAI and LAI owns more than 99% of the shares LSA, thus meeting the criteria for affiliate relationship as referred to in Article 1.1.d OJK Regulation No. 42/POJK.04/2020 concerning Affiliated Transactions and Conflicts of Interest
Transactions (“POJK 42/ 2020”).
Complete information can be accessed here
