Facing Delisting, Indointernet (EDGE) Offers Tender Price of Rp11,500 per Share
PT Indointernet Tbk. (EDGE) has announced it will offer a tender price of Rp11,500 per share as part of its go-private process and delisting of its shares.
In a disclosure to the Indonesia Stock Exchange (BEI), EDGE explained that the Rp11,500 per share price represents a premium of 141.2% above the average of the highest trading prices on the BEI over the 90 days prior to the announcement of the extraordinary general meeting of shareholders (RUPS) for the go-private plan, which was Rp4,768 per share.
“The offer price is Rp11,500, which meets the requirements as stipulated in Article 36 of POJK 45/2024,” stated EDGE’s management on Monday (20/4/2026).
EDGE continued that if the go-private and delisting plan is approved at the RUPSLB and following the execution of the voluntary tender offer, the company successfully changes its status to a closed company, then public shareholders who do not wish to sell their shares in the voluntary tender offer will remain shareholders of the closed company, with the number of company shareholders becoming fewer than 50 or another number determined by the OJK.
In this tender offer, Digital Edge, as the company’s shareholder, will purchase shares owned by shareholders up to 159,598,500 shares, representing 7.90% of the total placed and fully paid-up shares of the company.
“Digital Edge has sufficient funds to fully complete the tender offer, sourced from the company’s internal cash,” it said.
Previously, Andrew Joseph Rigoli, President Director of Indointernet, stated that the company had submitted a request for cancellation of listing or delisting via letter No. 007/Indonet/Dir-Srt/I1/2026 to the BEI and the Financial Services Authority. In that letter, EDGE also requested the suspension of the company’s securities on the exchange floor.
“The company is submitting a delisting and share suspension request because it intends to change its status from a listed open company to a closed company (go private) and delist from the BEI,” he explained in the disclosure on Tuesday (10/2/2026).
Indointernet’s management outlined two reasons driving the data centre issuer to exit the BEI. First, Indointernet wants to simplify the decision-making process.
Andrew explained that the group’s business activities require seamless integration among companies, for example, in decision-making, implementing long-term investment plans, and facilitating strategic alignment.
He said this may not be optimally achievable within the regulatory and compliance framework as a listed company.
Second, Indointernet assesses that the company’s shares are not actively traded on the exchange. As a result, EDGE’s share liquidity is limited, and the status as a listed company becomes less effective.
“The go-private process and voluntary delisting also provide a fair and orderly exit opportunity for public shareholders,” he added.