INFORMATION DISCLOSURE
PT PELITA SAMUDERA SHIPPING TBK
In relation to the Financial Services Authority (OJK) Regulation No: 31/POJK.04/2015 dated December 16, 2015 concerning Disclosure of Information on Material Facts by Issuers or Public Companies, Decree of the Board of Directors of the Indonesia Stock Exchange No: Kep-00015/BEI/01 -2021 dated January 29, 2021 regarding Amendment to Regulation Number I-E Regarding Obligation to Submit Information, hereby PT Pelita Samudera Shipping Tbk (the “Company”) submits the following information disclosure:
Name of the Public Company : PT Pelita Samudera Shipping Tbk
Line of Business : Shipping Industry
Telephone : 021- 30006800
E-mail : corsec@ptpss.co.id
- Date of Event : 22 September 2022
- Type of Information : Information Disclosure
- The Description : The Company’s loan provision to its subsidiary PT Pelita Global Logistik (“PGL”) and plans to provide loans from PGL to its subsidiary PT Pusaka Lautan Berlian (“PLB”).
The transaction parties:
- Lenders: Company
- Borrower: PGL
- Loan value: IDR 225,000,000,000,- (two hundred and twenty five billion Rupiah), 8.75% interest, loan tenor 2 years.
- Purpose of the transaction: The borrower requires a certain amount of funds to make additional capital and working capital for the operational interests of the PLB subsidiary, PGL is waiting for the loan facility process from the Bank.
Furthermore, PGL plans to provide loans to PLB subsidiaries, which will be implemented around October 2022, with the following information
The transaction party:
- Lender: PGL
- Borrower: PLB
- Maximum loan value of IDR 180,000,000,000 (one hundred and eighty billion Rupiah), 8.75% interest, with a tenor of 3 years.
- Purpose of the transaction: Purchase of vessels and working capital of PLB.
Loan transactions between lenders and borrowers are not material transactions as referred to in the Financial Services Authority Regulation (POJK) Number 17/POJK.04/2020 concerning Material Transactions and Changes in Business Activities, but are excluded affiliated transactions as referred to in POJK Number 42/POJK. 04/2020 concerning Affiliated Transactions and Conflict of Interest Transactions Article 08 paragraph 01, where the Public Company is not required to comply with the provisions as referred to in Article 4 paragraph (1) if conducting affiliate transactions which are business activities carried out in order to generate business income and are carried out routinely, repetitive and/or continuous. In addition, the transaction does not contain an element of conflict of interest as referred to in POJK Number 42/POJK. 04/2020 concerning Affiliated Transactions and Conflict of Interest Transactions.
The emergence of affiliated transactions is because in the composition of the Company’s management there is Mr. Iriawan Ibarat as the President Director of the Company who also serves as the President Director of PGL.
Meanwhile, Mr. Harry Tjhen as Director of the Company, also serves as Commissioner at PLB.
4. Impact of events, information on operational activities, law, financial condition, or business continuity of Issuers or Public Companies : There is no material impact on the Company’s operational activities, financial condition and business continuity.
5. Other Information : This transaction supports the main business activities of PGL and PLB in order to generate business income which is carried out regularly, repeatedly and/or continuously.
Thus, to be informed accordingly,
PT PELITA SAMUDERA SHIPPING TBK