- 123 - Shares to the shareholders through the C-BEST facility. Furthermore, upon the distribution of the New Shares, then KSEI will report
the results of the distribution of the New Shares to the Company and the Share Registrar.
B. Procedures for the Exercise of HMETD not held through the Collective Depository of KSEI 1. The registration for the exercise of HMETD shall be made at the head office of Share Registrar.
2. The HMETD holders that are not registered in the Collective Depository who intend to exercise the HMETD shall pay the Exercise Price of HMETD into a special bank account and deliver the following documents:
a. Original HMETD Certificate duly signed and completed. b. Original receipt of payment of the Exercise Price.
c. A copy of valid identification document of the HMETD holder for individual who will exercise the HMETD identity
cardPassportLimited Stay Permit or a copy of the articles of association enclosed with the current composition of the Board of Directorsmanagement of the HMETD holder for institutionlegal entity which would exercise the HMETD.
d. Original Power of Attorney, if the exercise of HMETD is conducted by the HMETD holder through its proxy, and enclosed with a copy of valid identification document of both HMETD holder and its proxy identity cardPassport Limited Stay Permit
e. If the HMETD holders wishes the New Share to be deposited in the Collective Depository, then the instruction to exercise HMETD to the Share Registrar shall be submitted through Member of Stock ExchangeCustodian Bank appointed by submitting
the following additional documents:
Original power of attorney of HMETD Holder to Member of Stock Exchange or Custodian Bank to submit the instruction to exercise the HMETD and manage the New Shares in the Collective Depository of KSEI in the name of the authorizer;
Original form of securities deposit, issued by KSEI, duly completed and signed;
For such conversion process, an amount of Rp. 1,650 per HMETD Certificate or a minimum of Rp. 25,000 plus 10 VAT will be charged.
3. The Share Registrar will review each supporting document for the Exercise of HMETD as specified at point B.2. above. 4. At the latest two Exchange Days after the instruction to Exercise HMETD is received by the Share Registrar and the Exercise Price of
HMETD has been paid in good funds into the special bank account, the Share Registrar will issue a number of New Share in the form of Share Collective Certificate in the script form, if the HMETD holders do not wish to deposit the New Shares to be deposited in the
Collective Depository.
4. Application for Additional Shares
Shareholders who do not wish to sell their HMETD or buyerholder of HMETD whose name are stated in the HMETD Certificate or HMETD holder in the Collective Depository of KSEI may apply for additional shares in addition to their allocated rights by completing the additional
shares application column andor the available Additional FPPS..
HMETD holders in Collective Depository of KSEI and HMETD holders in a script form HMETD Certificate who wish to have their allocated shares in electronic form, shall submit an application to the Share Registrar of the Company through the Member of Stock Exchange or
Custodian Bank. Whereas HMETD holders in a script form and still wish that their alloted shares to remain in the script formShares Collective Certificate, such HMETD holders shall submit the application to the Share Registrar.
The HMETD Holder in a script formHMETD Certificate who wish to have their alloted shares in electronic form shall submit its application to the Share Registrar of the Company through the Member of Stock Exchange or Custodian Bank by submitting the following documents:
1. Original of Additional FPPS which has been duly and properly completed. 2. Original of power of attorney from HMETD holder to the Member of Stock Exchange or Custodian Bank to submit an application for
additional shares and manage securities over the New Shares in the Collective Depository of KSEI and other authorizations as may be required in connection with the application for additional shares on behalf of the authorizer.
3. Copy of valid identity cardPassportLimited Stay Permit for individual or copy of Articles of Association and the current composition of the Board of Directorsmanagement for institutionlegal entity.
4. Original payment receipt by transferbook entry settlement girochequecash to Company’s account from the bank where the payment is
made. 5. Original Form of Share Deposit issued by KSEI which has been duly completed for the purpose of distribution of shares purpose from the
execution by the Share Registrar. 6. For such conversion process, an amount of Rp.1,650 per HMETD Certificate or a minimum of Rp. 25,000 plus 10 VAT will be charged.
For HMETD holders in Collective Depository of KSEI, to complete and deliver Additional FPPS which has been distributed by enclosing the followings documents:
1. Original exercise instruction which has been successfully settled through the C-BEST system under the said HMETD holders applicable
only for HMETD holder in the Collective Depository of KSEI who has exercised its rights through the C-BEST system 2. Original form of securities deposit, issued by KSEI, duly signed and completed for the purpose of distribution by the Share Registrar;
3. Original payment receipt by transfer book entry settlementgiroch equecash to Company’s account from the bank where payment is
made.
- 124 - 4. For such process, an amount of Rp. 1,650,- per Additional FPPS or a minimum of Rp. 25,000,- plus 10 VAT will be charged.
HMETD holders in a script formHMETD Certificate who wish for their allotted shares to be in script form physically form of Collective Shares Certificate shall submit an application to the Share Registrar by submitting the following documents:
1. Original Additional FPPS which has been duly and properly completed; 2. Copy of valid identity cardpassportlimited stay permit for individuals, or copy of the articles of association and the current composition of
the Board of Directorsmanagement for institutionlegal entity; 3. Original power of attorney if so authorized stamped with Rp. 6,000 stamp duty enclosed with copy of the identity cardpassportlimited
stay permit of the authorizer and its proxy; 4. Original
payment receipt by transferbook entry settlementgirochequecash to the Company’s account from the bank where the payment is made.
Payment of such additional application can be made and must be received in the Company’s special bank account in good funds no later than
25 November 2013. The applicants who do not comply with the instructions and terms of the application for could have their application rejected.
5. Allotment for Subscription of Additional Shares
The allotment for subscription of additional shares will be made on 26 November 2013 in accordance with the following conditions: a. If the number of shares subscribed, including order for additional shares, does not exceed the total number of shares offered in this LPO I,
then all orders of additional shares shall be fulfilled. b. If the number of shares subscribed, including order for additional shares, exceeds the total number of shares offered in this LPO I, then a
proportional allotment system based on the total of HMETD which has been exercised by such shareholder who ordered additional shares, will be applied.
The Allotment Manager will submit the review report of the accountant appointed to OJK with respect to the fairness of the allotment in accordance with Bapepam and LK Regulation No. VIII.G.12 regarding the Guidelines for Audit by with respect to Subscription and Allotment of
Securities or Distribution of Bonus Shares and also Bapepam and LK Regulation No. IX.A.7 regarding the Responsibility of Allotment Manager in relation to Subscription and Allotment of Securities in a Public Offering, no later than 30 days after the Allotment Date.
6. Terms of Payment
Payments for shares subscription in this LPO I by direct order to the Share Registrar shall be made in good funds in Rupiah or US Dollar upon submission of the application in cash, cheque, giro or transfer by specifying the HMETD Certificate number or Additional FPPS number and the
payment shall be made to the following bank account of the Company:
Rupiah Currency Account: PT Bank DBS Indonesia
Branch: Ciputra World 1 Account Number: 3320018568
In the name of: PT Chandra Asri Petrochemical Tbk. US Currency Account:
PT Bank DBS Indonesia Branch: Ciputra World 1
Account Number: 3320018577 In the name of: PT Chandra Asri Petrochemical Tbk
Payment in US Dollar will be translated into Rupiah amount, based on middle exchange rate announced by Bank Indonesia on the Recording Date. For payment in Rupiah denomination, the Company will convert it into US Dollar immediately after the refund date.
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 HMETD shall be deemed as cancelled. If the payment is made by cheque or book entry settlement or transfer
or bank draft, the date of payment shall be counted upon the date of receipt of such cheque transferbank draft in good funds in the Company’s
account abovementioned. For subscription of additional shares, payment must be made on the order date and must be made in good funds in Company
’s account no later than 25 November 2013.
All incurred fees which may be incurred from the share purchase in this LPO I shall be borne by the subscriber. Any share subscription failing to meet the payment requirements shall be cancelled.
7. Receipt for Shares Subscription Applications
The Company, through Share Registrar appointed by the Company will receive the submitted application to exercise the HMETD, will provide receipt for share application duly stamped and signes as evidence of application at the collection of shares and refund for unfulfilled order.
The HMETD holders registered in the Collective Depository at KSEI will receive confirmation of the instruction to exercise the HMETD from C- BEST through the KSEI Account Holder.
