Based on the information that we received from PT Lautan Natural Krimerindo on
15 May 2023 and by referring to the provisions of the Financial Services Authority (“OJK”) Regulation No.31/POJK.04/2015 concerning Disclosure of Information or Material Facts by Issuers or Public Companies (“POJK 31/2015”) the Company hereby informs that there was an important contract executed by the Company as stipulated in Article 6.h POJK 31/2015. The Company hereby informs that there was an important contract executed by the Company as stipulated in Article 6.h POJK 31/2015.
The following is a description of such an event:
- The Company and PT Lautan Natural Krimerindo (“LNK”) have signed a Shareholder Loan Agreement (Revolving) No. 01/LN/SUB/LTL/23 dated 15 May 2023 (“Agreement“);
- Based on the Agreement, the Company provides loan to LNK which are revolving loans in nature;
- The following are some provisions agreed in the Agreement:
- Purpose of loan is to finance LNK’s business activities (working capital requirement).
- The maximum limit of the loan is USD 13,500,000 (or equivalent to IDR 199,152,000,000 according to the exchange rate as of date 15 May 2023);
- The period of Agreement is from 15 May 2023 to 31 December, 2026 and may be extended according to the written agreement between the Company and LNK;
- The interest rate is 6.45% per year and the Company may change the interest by giving written notification to LNK.
The information can be downloaded here
