Indointernet (EDGE) Offers Voluntary Tender at Rp11,500 per Share to Go Private and Delist

PT Indointernet Tbk (EDGE) has announced a plan to change its status from a public company to a private one through a go-private action and delisting. In this action, EDGE has set a voluntary tender offer price of Rp11,500 per share for a total of 159,598,500 shares. “This Voluntary Tender Offer provides an opportunity for Public Shareholders to obtain an attractive return on their investment in the Target Company,” explained the management of PT Indointernet Tbk in an information disclosure to the Indonesia Stock Exchange (BEI) on Thursday (25/6/2026). The voluntary tender offer price meets the requirement that the price must be at least equal to the average of the highest daily trading prices of the shares on the BEI over the 90 days prior to the announcement of the Extraordinary General Meeting of Shareholders (RUPSLB) regarding the go-private and delisting plan on 16 March 2026. Based on this calculation, the average price was Rp4,768 per share. “The share sale and purchase process will be carried out through crossing on the BEI and settlement will be conducted in accordance with KSEI regulations,” the company’s management continued in the prospectus. In this corporate action, PT Indo Premier Sekuritas has been appointed as the executing securities firm. Payment to public shareholders who accept the voluntary tender offer and have submitted all required documents is scheduled for 5 August 2026. EDGE explained that the voluntary tender offer is being conducted so that the company can focus more on managing its investment portfolio and assets without the pressure of share price volatility or the demands of being a public company. Furthermore, the company believes that private status will provide greater flexibility in conducting business activities, including improving efficiency, productivity, operational performance, and business development. The company also noted that EDGE shares have experienced limited trading frequency and volume during certain periods. Minimal transaction activity makes the capital market’s function as a liquidity facility for both the company and public shareholders less than optimal. Additionally, EDGE is now part of the Digital Edge (Hong Kong) Ltd group ecosystem, which is currently implementing a business strategy change. This strategy includes strengthening operational integration, developing a regional data centre platform, optimising the capital structure, and increasing flexibility in strategic decision-making at the group level. “…so that the business activities of the Target Company [EDGE] will be supported by the group of companies. Therefore, the Target Company no longer requires capital raising from the capital market and has no plans to conduct such fundraising in the future,” the company’s management stated in the prospectus. Previously, EDGE also set a nominal share value of Rp10 per share. With the voluntary tender offer price of Rp11,500 per share, the maximum aggregate transaction value is estimated to reach Rp1,835,382,750,000, or approximately Rp1.84 trillion. Referring to TradingView data, before EDGE shares were suspended by the BEI on 10 February 2026, the last closing price was at Rp4,790 per share with a transaction volume of 111,100 shares. At that time, the company’s market capitalisation was recorded at approximately Rp9.68 trillion.