Jakarta, February 16, 2024 - PT Aneka Tambang Tbk (ANTAM; IDX: ANTM; ASX: ATM), member of PT Mineral Industri Indonesia (Persero) (MIND ID) - the State-Owned Enterprise Holding of Mining Industry, announced that the Company prevails revocation of Application for Suspension of Debt Payment Obligation following the decision on case Number 387/Pdt.Sus-PKPU/2023/PN.Niaga.Jkt.Pst. dated February 6, 2024, by the Commercial Court in Central Jakarta District Court, submitted by Budi Said as the respondent. By this verdict, the special notation "M" on ANTAM shares has been revoked by the Indonesia Stock Exchange (IDX).
Based on IDX Circular Letter No. SE-00006/BEI/05-2023 dated June 5, 2023 ("IDX Circular Letter"), states that the provision of a special notation is not a form of punishment or decree but explains the status of a Listed Company based on its actual condition, on matters about which information is public.
ANTAM Corporate Secretary, Syarif Faisal Alkadrie said:
“With the decision by the Commercial Court, the special notation on ANTAM's shares has been revoked by the IDX, considering that no parties who have filed Suspension of Debt Payment Obligation against the Company currently. Hereafter, ANTAM is committed to continuing to ensure that all core commodities are managed in accordance with applicable regulations and abide by principles in line with the application of good corporate governance principles. ANTAM also expect this condition will further increase shareholder trust in the Company.”
In line with the revocation of the Suspension of Debt Payment Obligation, on February 7, 2024, ANTAM has submitted an Information Disclosure related to the Determination of Suspension of Debt Payment Obligation Revocation, which can be accessed through the link: https://www.idx.co.id/StaticData/NewsAndAnnouncement/ANNOUNCEMENTSTOCK/From_EREP/202402/00170c667d_caaa8a0263.pdf, align with the IDX Circular Letter, which states that the end of the display of special notations is since the Listed Company announces information disclosure, or there is information from the Case Tracking Information System regarding the existence of information on the Peace Agreement that has been approved or the end of the Suspension of Debt Payment Obligation period.
###
