PT Tower Bersama Infrastructure Tbk (“TBIG”) Holds Annual General Meeting of Shareholders

JAKARTA, 30 May 2024 – PT Tower Bersama Infrastructure, Tbk. ("TBIG") held its Annual General Meeting of Shareholders (“AGMS”) today at the Westin Hotel in Jakarta. The AGMS was attended by the Company’s shareholders primarily through proxy and e-proxy and achieved the required quorum.

The financial statements and Annual Report for the year ending 31 December 2023 were accepted, ratified as well as approved by the Company’s shareholders at the AGMS.

Shareholders approved the 2023 Total Cash Dividend of Rp1,249.5 billion, which is approximately 80.08% of 2023 Net Profit. With Rp565.9 billion already distributed as an 2023 Interim Cash Dividend on 27 December 2023, the 2023 Final Cash Dividend of Rp683.6 billion, or Rp 30.20 per share, will be paid on 3 July 2024 to all shareholders on record as of the close of business on 11 June 2024 with cum dividend (last trading day entitled to receive dividend) on 7 June 2024.

The AGMS authorized the Board of Commissioners to appoint a Public Accountant to audit the Company’s Financial Statement for the Financial Year ending on 31 December 2024 (“Financial Year 2024”). The Board of Commissioners is also authorized to determine the salary and benefits for members of the Board of Directors as well as the salary or honorarium and benefits accorded to the Board of Commissioners for the Financial Year 2024.

Shareholders approved the appointment of Mr. Leonardus Wahyu Wasono Mihardjo as the Company’s new Director. The composition of the Board of Directors is now:

“We continue to actively participate in both the local IDR loan and IDR bond markets, with a significant portion of our debt denominated in Indonesian Rupiah. In February, we issued IDR 2.7 trillion 1 year Bond VI Phase III at a fixed interest rate of 6.75% for a tenor of 370 days,” commented Helmy Yusman Santoso, CFO of TBIG.

Board of Directors

In addition, Shareholders approved the Company’s Shares Buyback plan to purchase uptor 396,500,000 shares or 1.75% of total issued and outstanding shares over a 12 month period starting from the AGMS approval date

The AGMS approved the plan of the issuance foreign currency‐denominated bonds or notes, with the total issuance size of up to USD 900 million in one or more issuances to be issued by the Company within 12 months from the AGMS approval date, that will be offered to investors outside of Indonesia that constitutes as a material transaction according to Financial Services Authority (OJK) Regulation No. No. 17/POJK.04/2020 regarding Material Transactions and Main Business Activity Changes.

Shareholders also approved the plan to change the business activities to be carried out by PT Tower Bersama and PT Solu Sindo Kreasi Pratama, which are controlled companies of the Company, by adding business activities of leasing power supply systems using batteries for telecommunications towers and leasing property. This complies with the provisions of Article 32 juncto Article 22 paragraph (1) subparagraph a of OJK Regulation No. 17/POJK.04/2020 regarding Material Transactions and Changes in Business Activities.

TBIG Press Release AGMS 2024

About PT Tower Bersama Infrastructure Tbk

PT Tower Bersama Infrastructure Tbk (“TBIG”), is a provider of telecommunications infrastructure for the placement of BTS by telecommunications operators in Indonesia. TBIG is publicly listed on the Indonesian Stock Exchange and is majority owned by Bersama Digital Infrastructure Asia