Plan of sale of the Company’s shares in PT Multifiling Mitra Indonesia Tbk (“MFMI”) through the acquisition of shares
owned by the Company, PT Surya Cipta Investama (“SCI”) and PT Cahaya Investama (“CI”, together with the Company and SCI referred to as the “Sellers”) as holders of 700,425,400 shares representing 92.46% of the total issued and paid-up capital of MFMI (“Plan of Sale of Shares”) by Iron Mountain Hong Kong Limited (“Buyer”).
In relation to the Plan of Sale of Shares, the Sellers and the Buyer have entered into a Conditional Share Purchase Agreement relating to the sale and purchase of shares in the Company (“CSPA”) dated 23 December 2020. The completion of the Plan of Acquisition of Shares is still subject to the fulfillment of the conditions precedent by the parties as set out in the CSPA.
SCI and CI are companies whose shares are controlled by the
Company, either directly or indirectly.