JAKARTA – PT Protelindo, the new controlling shareholder of PT Solusi Tunas Pratama Tbk (SUPR), would commence the mandatory tender offer (MTO) of 67,965,022 shares for IDR 15,640 each. It would start tomorrow, November 26, 2021, and end by December 27, 2021.
In the information disclosure published Thursday (25/11), the entire shares amounted to 5.97% of the entire issued and paid-up capital of SUPR. Cumulatively, the tender offer would generate IDR 1.06 trillion at most in total.
Previously, PRTL acquired 1,069,614,676 of SUPR’s shares from the other shareholders for IDR 16.72 trillion in the negotiation market on October 1, 2021. After this corporate action, PRTL acts as the controller of 94.03% of SUPR’s shares, while the remaining 5.97% of the total issued and paid-up capital of 1,137,579,698 shares belong to public investors. For the record, SUPR’s authorised capital is IDR 200 billion, while its portfolio carries stock worth IDR 86.24 billion.
Prior to the takeover, SUPR and PRTL were not affiliated in any way. (LK/ZH)