UN-OFFICIAL TRANSLATION
No : 140/ME/CorpSec/VIII/2016 Jakarta, August 25, 2016
To :
Executive Chairman of Capital Market Supervisory Body Financial Services Authority
In Jakarta
Attention : Mrs. Ir. Nurhaida, MBA
Re : Reports of Information or Material Facts
We, for and on behalf of the Company hereby submitting information or material facts, as follows:
A. Name of the Issuer or Public Company : PT Metrodata Electronics, Tbk B. Business Field : Trade and service for computer C. Telephone : (021) 29345 888
D. Facsimile : (021) 29345 899
E. Email Address : Investor.relation@metrodata.co.id
A subsidiary of PT Metrodata Electronics, Tbk ("MTDL"), namely PT Mitra Integrasi Informatika ("MII") on August 24, 2016 has already signed a Memorandum of Understanding Introduction with the shareholders of PT Dwitunggal Solusindo Prima ("DSP") in regards to assessment for MII participation as a shareholders of DSP through the mechanism of issuance of new shares amounting 20% and continue with shares purchase from the previous shareholders of DSP at 17.5%, therefore MII ownership plan in DSP will reach 37.5%.
Soon after Memorandum of Understanding Introduction is signed, MII will conduct due diligence in the fields of finance, law and technology at DSP. If MII accept the results of due diligence, therefore MII and the shareholders of DSP will proceed to the next stage of the transaction, namely finalization of MII’s participation as the shareholders of DSP.
DSP is a company that has competence in the manufacture, development and implementation of mobility applications for business activities. Being a shareholder of DSP, will making MTDL or MII more focus on development of mobility application business. With a good synergy between the competences owned by DSP with a network of sales and human resources that are owned by MII or MTDL expected to maximize the performance of the DSP in the future so it can indirectly provide added value to MII or MTDL.
1. Date of Occurrence
:
August 24, 20163. Description of information or material facts :
:
A subsidiary of MTDL, MII has signed a Memorandum of Understanding Introduction with the shareholders of DSP in regards to assessment for MII's participation as a shareholder of DSP through the mechanism of issuance of new shares and shares purchase from the previous shareholders of DSP.4.
The impact of events, information or material facts in relation with the activities of operational, legal and financial conditions or business continuity of the Issuer or Public Company.:
The Impact for the operational :After MII (subsidiary of MTDL) became the shareholders of DSP, MTDL or MII will become more focused in the development of mobility applications business. With the synergy between the competency of DSP with a network of sales and human resources owned by MTDL or MII will create value-added in the future for MTDL or MII.
As an information, this Memorandum of Understanding Introduction is not a commitment or bond that MII will become shareholders of DSP, the certainty of MII become shareholders of DSP depending on the results of due diligence and the fulfillment of the conditions as specified further by MII. The impact of the legal aspect:
MII will become shareholders of DSP as long as MII accept the results of due diligence where DSP has fulfilled the conditions as described by MII. For the information, this Memorandum of Understanding Introduction is not a commitment or bond that MII will become shareholders of DSP, the certainty of MII become shareholders of DSP depending on the results of due diligence and the fulfillment of the conditions as specified further by MII.
The impact on the financial condition:
We further inform that transaction plan as above transaction is not a material transaction and not included in conflict of interest transaction.
Impact on business continuity:
After MII become shareholders of DSP, MTDL or MII will become more focus in the development of mobility applications business.
Hereby this information or material facts report is created and delivered. Thank You for your attention and cooperation.
Best regards,
PT METRODATA ELECTRONICS, Tbk
