JAKARTA — PT Indointernet Tbk. (EDGE), a prominent data center company, has announced a tender offer price of Rp11,500 per share as part of its strategic plan to go private and undergo delisting from the Indonesia Stock Exchange (IDX).
According to an official disclosure to the IDX, the proposed Rp11,500 per share represents a substantial premium, standing 141.2% higher than the average highest trading price on the IDX over the 90-day period preceding the announcement of the Extraordinary General Meeting of Shareholders (EGM) for the go private plan. This average price was recorded at Rp4,768 per share.
“The offer price of Rp11,500 per share fulfills the requirements stipulated in Article 36 of OJK Regulation 45/2024,” stated EDGE management on Monday, April 20, 2026, underscoring the company’s adherence to regulatory standards set by the Financial Services Authority (OJK).
EDGE further clarified that should the go private and delisting plans receive approval at the EGM, and upon the successful execution of the voluntary tender offer, the company will transition to a private entity. Public shareholders who opt not to sell their shares during the voluntary tender offer period will consequently become shareholders of a private company. This change will result in the total number of the company’s shareholders falling below 50, or any other threshold determined by the OJK.
Indointernet (EDGE) Reveals Delisting Schedule and Scheme from IDX
In this crucial tender offer, Digital Edge, a significant shareholder in PT Indointernet Tbk., is committed to purchasing a maximum of 159,598,500 shares from existing shareholders. This volume represents 7.90% of the company’s total issued and fully paid shares. Digital Edge has confirmed that it possesses adequate internal cash resources to fully complete the tender offer, ensuring a smooth transition for participating shareholders.
Previously, Andrew Joseph Rigoli, President Director of Indointernet, confirmed that the company had submitted its application for the cancellation of its listing, or delisting, to both the IDX and the OJK. This application, filed via Letter No. 007/Indonet/Dir-Srt/I1/2026, also included a request for the suspension of the company’s securities on the exchange. Rigoli elaborated in a disclosure on Tuesday, February 10, 2026, that the application for delisting and suspension was made with the clear intent to transition from a listed public company to a private entity, thereby concluding its presence on the IDX.
Indointernet’s management has outlined two primary motivations driving the data center issuer’s decision to exit the IDX. Firstly, the company aims to significantly streamline its decision-making processes. Andrew Rigoli explained that the group’s business activities necessitate seamless integration across its various operations, particularly in critical areas such as strategic decision-making, the execution of long-term investment plans, and facilitating overall strategic alignment. He noted that achieving optimal efficiency in these areas can be challenging within the stringent regulatory and compliance framework of a public company.
Secondly, Indointernet observed that its shares were not actively traded on the Exchange. This lack of trading activity resulted in limited EDGE stock liquidity, rendering its status as a listed company less effective in terms of capital market engagement. The go private and voluntary delisting process, management asserted, also provides a fair and orderly exit opportunity for existing public shareholders, allowing them to monetize their investments.
Disclaimer: This news article does not aim to encourage the purchase or sale of shares. Investment decisions are solely at the discretion of the reader. Bisnis.com is not responsible for any losses or gains arising from the reader’s investment decisions.