PT HM Sampoerna Announces Exercise Price of Rp. 77,000 for Rights Issue
October 01 2015 - 7:00AM
Business Wire
Regulatory News:
Philip Morris International Inc. (“PMI”) (NYSE/Euronext Paris:
PM) today announced that PT HM Sampoerna Tbk. (“Sampoerna”), an
indirect subsidiary of PMI in which PMI has to date held a 98.18%
interest through PT Philip Morris Indonesia (“PMID”), today
disclosed on its web site the pricing details for its ongoing
rights issue (the “Rights Issue”). The purpose of the Rights Issue
is 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, the
exercise price for the rights has been set at Rp. 77,000, a 1.349%
premium to the closing price on the IDX of Rp. 75,975 on September
30, 2015. In connection with the Rights Issue, PMID is selling
264,209,711 of the rights to which it is entitled in a placement to
institutional investors; PMID is subscribing to the remaining
600,640 rights to which it is entitled. The placement price for the
shares underlying PMID's rights is the same as the exercise price
for the rights. Delivery of the rights shares sold in the placement
is expected to take place on or about October 26, 2015. The total
net proceeds to Sampoerna from the Rights Issue, after deducting
related commissions, professional fees and other
transaction-related expenses, amount to approximately $1.4
billion*, which Sampoerna intends to use for general corporate
purposes and working capital purposes, including the repayment of
working capital facilities. After completion of the Rights Issue,
PMID will own 92.50% of the issued and outstanding share capital of
Sampoerna.
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.
* Reflects exchange rate of Rp. 14,657 / $1.00 on September 30,
2015.
####
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151001005706/en/
Philip Morris International Inc.Investor Relations:New York: +1
(917) 663 2233Lausanne: +41 (0)58 242 4666orMedia:Lausanne: +41
(0)58 242 4500
P M I (NYSE:PMI)
Historical Stock Chart
From Mar 2024 to Apr 2024
P M I (NYSE:PMI)
Historical Stock Chart
From Apr 2023 to Apr 2024