PT HM Sampoerna Sets Price Range for Potential Rights Issue
September 21 2015 - 6:00AM
Business Wire
Regulatory News:
Philip Morris International Inc. (NYSE/Euronext Paris: PM)
(“PMI”) today announced that on August 11, 2015, PT HM
Sampoerna Tbk. (“Sampoerna”), an indirect subsidiary of Philip
Morris International Inc. in which PMI holds a 98.18% interest
through PT Philip Morris Indonesia (“PMID”), filed a registration
statement with the Indonesian Financial Services Authority
(Otoritas Jasa Keuangan or “OJK”), in connection with a potential
rights issue (the “Rights Issue”) by Sampoerna. The purpose of the
potential Rights Issue would be to comply with the Indonesian Stock
Exchange’s (“IDX”) mandatory requirement of a minimum threshold for
public shareholding. Pursuant to IDX regulations, all listed public
companies are required to have at least 7.5% of their total paid-up
capital owned by the public (excluding controlling or principal
shareholders) by January 30, 2016. As advised by Sampoerna on its
website on September 21, 2015, the price range for a potential
institutional placement of rights shares in connection with the
Rights Issue has been set at between Rp. 65,000 and Rp. 77,000 per
rights share of Sampoerna. It is expected that after the Rights
Issue 7.50% of Sampoerna's total paid-up capital will be owned by
the public, in compliance with IDX requirements. Final pricing for
the placement is expected to occur on or about October 1, 2015.
This notice is not an offer for sale in the United States of the
rights shares or the rights (the "Securities ") that Sampoerna
proposes to issue in connection with the Rights Issue. The
Securities have not been and will not be registered under the
Securities Act of 1933, as amended (the "Securities Act") and may
not be offered or sold in the United States absent registration or
an applicable exemption from the registration requirements of the
Securities Act.
Philip Morris International
Inc.
Philip Morris International Inc. (PMI) is the leading
international tobacco company, with six of the world's top 15
international brands, including Marlboro, the number one cigarette
brand worldwide. PMI's products are sold in more than 180 markets.
In 2014, the company held an estimated 15.6% share of the total
international cigarette market outside of the U.S., or 28.6%
excluding the People's Republic of China and the U.S. For more
information, see www.pmi.com.
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