Refunds Distribution of Shares from the Exercise of Rights
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6. Payment Requirements for the holder of Rights Cerficate Other than the Collective Depository in KSEI and Subscription of Excess Right Shares
Payments of the Exercise Price in relation to the exercise of Rights to be made by Qualifying Subscribers that are made directly to the Share Registrar must be fully paid in good funds in Indonesian Rupiah at the time of such exercise or
application by cash, cheque, giro or transfer with reference to the number of the Rights in scrip form or the Application for Excess Rights Shares Form Number and should be made to the Company’s account, as follows:
Bank [●] Branch: [●]
No. Account: AC. [●] Beneficiary: [●]
All cheques and bank notes issued for the purposes of such payment shall be cashed upon receipt. If any cheque or bank note is rejected by the relevant bank, the exercise of Rights or application for Rights Shares by the relevant
Qualifying Subscriber shall be automatically rejected. Payment will be determined to have been made on the date that the funds are credited to the Company’s account as described above
Payment with respect to applications for E xcess Rights Shares must be received in good funds in the Company’s
account at the latest on August 10, 2017. Any and all amount incurred in relation to the purchase of shares in Rights Issue II shall be borne by the relevant
subscriber. Unqualified subscription of shares shall be automatically rejected. 7. Proof of Receipt for the Exercise of Rights
The Company, through its appointed Share Registrar accepted the instruction relating to the exercise of Rights by a Qualifying Subscriber, will provide to such Qualifying Subscriber a receipt which will be stamped and can be used by
such Qualifying Subscriber to collect the Rights Shares. For the Qualifying Shareholders whose shares are deposited in the Collective Depositary through KSEI will receive the confirmation of exercise instruction from C-BEST in KSEI through
the Account Holder in KSEI. 8. Rejection of the exercise of Rights
The Company reserves the right to reject a subscription of Rights Shares, in whole or in part, in accordance with the prevailing terms and conditions for the Rights Issue II. Notification of such rejection will be given promptly at the same
time with the announcement of allotment of share subscription and refund of subscription payment to the Securities CompanyCustodian Bankshareholders in the form of scrip shares.
An application for Rights Shares may be rejected for a number of reasons, including:
- Application for the Rights Certificate and Excess Rights Certificate is not duly completed in accordance with the
terms stated in such forms and the prospectus; -
The payment conditions are not satisfied; -
The failure to deliver the required documents for such exercise or application.