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1. If, upon exclusion of the Securities subscribers referred to in Regulation No. IX.A.7 and there are remaining shares which total is equal or higher than the amount subscribed, then:
a the subscribers who are not excluded shall receive all the subscribed shares; and
b In the event that the subscribers who are not excluded have received full allotment and
there are remaining shares available, such remaining shares shall be distributed proportionally to the subscribers, who are:
a. Directors, Commissioners, employees, or Parties holding 20.0 or more of the shares
in a Securities Company acting as Underwriter or Selling Agent with respect to the Initial Public Offering;
b. The Company’s Directors, Commissioners andor majority shareholders; or
c. Affiliates of the Parties referred to in point a and b, which are not the Parties that
subscribe shares on behalf of third parties. according to the amount subscribed by the subscribers.
2. If, upon exclusion of the Securities subscribers referred to in Regulation No. IX.A.7 and there are remaining shares which total is lower the amount subscribed, then the allotment for subscribers
who are not excluded shall follow the following requirements: a
In the event that such shares will not be listed on the IDX, such shares shall be allocated proportionally in accordance with the amount subscribed by the subscribers without fraction;
or b
In the event that such shares shall be listed on the IDX, such shares shall be allocated in accordance with the following requirements:
1 The subscribers who are not excluded shall be entitled to one unit of trading at the IDX, if there is sufficient units of trading available. In the event of insufficient units available,
the available units of trading shall be allocated by way of lottery. The number of shares included in the unit of trading referred to above shall be the highest full unit of trading
determined by the IDX where the shares are listed; and
2 If, there are remaining shares available, then after one unit of trading is allocated to subscribers who are not excluded, allocation shall be performed proportionally, in the
unit of trading according to the amount subscribed by the subscribers. The Allotment Manager shall submit the Accountant Audit Report to the OJK concerning the fairness
of the allotment with reference to Regulation No. VII.G.12 and Regulation No. IX.A.7. The Company shall submit the Initial Public Offering Proceeds Report to the OJK by no later than five
Business Days subsequent to the allotment date in accordance with Regulation No. IX.A.2, supported by the Allotment Report as set out in Regulation No. IX.A.7.
In the event of oversubscription of Securities and it is proven that certain parties have submitted Securities subscriptions through more than one subscription form for each Initial Public Offering,
whether directly or indirectly, then, for the purpose of allotment, the Allotment Manager shall include only one Securities subscription form that is first submitted by the concerned subscribers.
13. Postponement of Public Offering Period or Cancellation of Public Offering
In accordance with Regulation No. IX.A.2 and the Deed of Securities Underwriting Agreement, within the period from the Effectiveness of the Registration Statement up to the end of the Initial Public Offering
Period, the Company may postpone the Initial Public Offering Period up to a maximum of three months subsequent to the Effectiveness of the Registration Statement or cancel the Initial Public Offering provided
that the following conditions beyond the Company’s control and power occur: i. The IDX composite index declines by more than 10.0 for three consecutive Exchange Days;
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ii. Natural disasters, war, riots, fire, strikes which significantly affect the Company’s going concern; andor iii. Other events that have significant effect to the Company’s business continuity as set out by the OJK
based on the Form set out in Regulation No. IX.A.2 Should there be a postponement of the Public Offering Period or cancellation of the Initial Public Offering,
the Company shall comply with the following provisions: a. Announce the postponement of the Public Offering period or the cancellation of the Public Offering
in at least one Indonesian language daily newspaper which has national circulation no later than one Business Day after such delay or cancellation. In addition to the obligation to publish in a
newspaper, the Company may also publish such information in other mass media; b. Submit the information regarding the postponement of the Public Offering period or the cancellation
of such Public Offering to OJK on the same day as the announcement referred to in point a; c. Submit proof of announcement as referred to in point a to OJK no later than one working day after
the announcement; and d. The Company which postpones the Public Offering period or cancel the Public Offering which is
being conducted, in the event that the payment for the shares subscription has been made, the Company shall refund such payment to the subscriber no later than 2 two working days from the
decision of such postponement or cancellation.
The Company which postpones due to the decline of the composite stock price index on the Stock Exchange fell by more than 10.0 ten percent for three consecutive Exchange Days, the following
provisions will apply should the Company wants toresume the Public Offering period:
a. The Company shall start over the Public Offering period no later than eight working days after the composite stock price index on the Stock Exchange has increased by at least 50.0 fifty percent
of the total decrease in the composite stock price index on which the delay is based; b. In the event that the composite stock price index on the Stock Exchange declines again by more
than 10.0 ten percent for three consecutive Exchange Days, the Company may postpone the Public Offering period again;
c. Shall convey to OJK the information regarding the Public Offering schedule and other supplementary information, including information on material events which occur after the
postponement of the Public Offering period if any and announce it in at least one Indonesian language daily newspaper which has national circulation in one working day at the latest prior to the
commencement of the Public Offering period. In addition to the obligation to publish in a newspaper, the Company may also publish such information in other mass media; and
d. Shall submit proof of announcement as referred to in point c to OJK no later than one working day after the announcement.
14. Refund of Subscription
