JAKARTA - PT Nusantara Infrastructure Tbk (META) has set the tender offer price of IDR 250 per share in its going-private plan. Said price is 34% higher than IDR 187 per share, which is the highest average price within the last 90 trading days prior to this voluntary delisting plan was publicly announced.

Quoted from the information disclosure today (18/12), M. Ramdani Basri, President Director of META, said that the repurchase of shares in this going-private plan will be carried out by PT Metro Pacific Tollways Indonesia Services (MPTIS), an affiliate of PT Metro Pacific Tollways Indonesia (MPTI), META’s parent company. This plan will be further decided during the Extraordinary General Meeting of Shareholders today (19/12).

MPTIS plans to acquire a maximum of 4,490,444,244 shares or equal to 23.35% of total shares cumulatively owned by other META’s shareholders, including PT Indonesia Infrastructure Finance (IIF) and the public. If it was multiplied by the tender offer price, total transaction value may reach IDR 1.12 trillion.

On November 30, 2023, META reported 17.71 billion shares, 74.65% of which was claimed by controlling shareholders, while non-controlling shareholders had anther 25.35%. Public investors of META reportedly consisted of 12,491 shareholders.

MPTIS books authorised capital of IDR 4.36 trillion, while issued and paid-up capital reaches IDR 1.09 trillion. Its shareholders are Rogelio Lazo Singson 0.0001% and MPT Asia Corporation Pte Ltd of 99.99%. (LK/ZH)