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● of the Offered Shares.
Bank [●]Branch[●] Account No: [●]
Under the name of: [●]
442 For share subscription conducted through the Underwriters which has submitted confirmation from the Payment
Bank when submitting the share subscription order, can deposit the funds into the account of Joint Lead Underwriters on the date as stipulated in the Underwriting Agreement.
10. RECEIPT The Joint Lead Underwriters, Underwriters and Selling Agent receiving the Share Subscription Form, will return
the form to the subscriber, the 5th fifth copy of Share Subscription Form signed with original signature as Receipt of Share Subscription. This Receipt of Share Subscription is not a guarantee of the granted
subscription. The Receipt of Share Subscription must be kept in good order to be exchanged if there is cash return of subscription andor for the receipt of Allotment Confirmation Form for subscription. For each specific
share subscriber, the Receipt of Share Subscription shall be given directly by the Company. 11. SHARE ALLOTMENT
The allotment of shares shall be conducted by PT RHB OSK Securities Indonesia as Allotment Manager by using a combination of pooling and fixed allotment systems based on Rule No. IX.A.7 and other regulations
including the prevailing Capital Market laws. The allotment systems that shall be conducted are combination system as well as fixed allotment is limited at a
maximum ● ● percent of the total Offered Shares. The remaining portion at ● ● percent shall be conducted by using pooling allotment.
i Fixed Allotment
Fixe d allotment is limited at a maximum ● ● of the total Offered Shares, to be allocated for investors but not
limited to Pension Funds, Insurance, Mutual Funds, Institutions, Individual, and Company’s Employee through
ESA. In the event that the fixed allotment system is used in a Public Offering, such allotment may be made only with
the following conditions: a.
The Allotment Manager may decide the percentage and the persons to receive the fixed allotment in the Initial Public Offering. The determination of percentage amount of allotment must consider the interests of
individual subscribers. b.
In the event of excess demand of shares in the Initial Public Offering, the Underwriters of securities, securities Sales Agents or affiliated parties are prohibited from purchasing or owning shares for their own;
and c.
In the event of shortage demand of shares in the Initial Public Offering, The Underwriters of securities, securities Sales Agents or affiliated parties are prohibited to sell shares that been bought or to be
purchased except through Stock Exchange if it has been disclosed in Prospectus that the shares would be listed at Stock Exchange.
ii Pooling Allotment using the pooling system is limited to minimum of
● ● percent of the total Offered Shares. If the number of shares subscribed exceeds the number of Offered Shares in the Initial Public Offering, the Allotment
Manager shall conduct an allotment of the remaining shares as follows: a.
If, after excluding subscribers considered as affiliated parties which are: i directors, commissioners, employess or a party who has 20 ownership or more in Underwriter or Selling Agent regarding this
Public Offering, ii directors, commissioners andor ultimate shareholder of the Company, or iii affiliated parties of i and ii, who are not subsribed for third party interest and there are remaining shares with an
amount equal to or higher than the subscribed amount, non-exempted subscribers shall each receive all subscribed shares. If there are remaining shares, after all unit of transaction is distributed to the non-
exempted subscriber, allocation will be made proportionally to the party who has 20 ownership or more in Underwriter or Selling Agent regarding this Public Offering, ii directors, commissioners andor ultimate
shareholder of the Company, or iii affiliated parties of i and ii, who are not subscribed for third party interest .
b. If, after excluding subscribers considered as Affiliated Parties and there remain shares less than the
number of shares subscribed, the allotment to the subscribers not excluded shall be allocated according to the following conditions:
1. If the shares are not listed in the Stock Exchange, the shares shall be allocated according to the following conditions:
Subscribers who are not excluded will receive one unit of transaction at the Stock Exchange,
subject to the availability of units of the transaction. In the event that then umber is insufficient, the available units of transaction will be distributed by lot. The number of shares included in
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such transaction units is the largest full transaction unit specified by the stock exchange where such shares are listed.
If there are remaining shares, after one unit of transaction is distributed to the subscriber,
allocation will be made proportionally, in unit of transactions, according to the number of shares subscribed by the subscribers.
2. If the shares are not listed in the Stock Exchange, the allotment will be made proportionally according to the number of shares subscribed by the subscribers.
The shares allotment shall be audited in accordance with the procedure as stipulated under Rule No. VIII.G.12. Allotment Manager shall report the audit result of shares allotment to OJK regarding the fairness of allotment and
pursuant to Rule No. VIII.G.12 and No. IX.A.7 at the latest 30 calender days after the end of Offering Period.
12. POSTPONEMENT OR CANCELLATION OF THE INITIAL PUBLIC OFFERING
Based on the Deed of Underwriting Agreement No. 66 dated 12 September 2014, drawn up before Irma Bonita, S.H, Notary in Central Jakarta, refers to ―Underwriting Agreement‖, after receiving the Effective Statement from
OJK up to the end of Offering Period, the Company can cancel or postpone the Public Offering in accordance with Underwriting Agreement, as stipulated in Underwriting Agreement and Rule No. IX.A.2 regarding Registration of
Public Offering. The Public Offering shall be cancelled or postponed in accordance with the latest Rule of Bapepam dan LK, by the
Company using the written notification to the OJK and any other authorized parties related to postponement of Public Offering, in accordance with the following conditions:
a. Jakarta Composite Index in the Stock Exchange has declined more than 10 ten percent within 3 three
consecutive bourse days; b. Natural disaster, war, riot, fire, strike which impact significantly to the business of the Company; andor
c. Occuring any other events which impact significantly to the business of the Company as stipulated in Rule No. IX.A.2-11.
13. REFUND OF SUBSCRIPTION MONEY
a. Considering the allotment regulations, if there is over-subscription, the Joint Lead Underwriters is
responsible and must return the excess subscription fund to the Underwriters at maximum 1 one working day after the Allotment Date, and every Underwriters is responsible and must return the excess subscription
money to the investors according to the subscription immediately at maximum 2 two Business Days after the Allotment Date. Therefore, the Joint Lead Underwriters and the Underwriters will set at liberty the
issuers from any claimsfines for the negligence.
b. The refund shall be done in form of transfer to the account on behalf of subscribers name or through other
payment instruments in form of cheque, giro or refund form that can be obtained directly by the subscribers at the Underwriters where the subscription has been conducted by submitting the share subscription receipt
together with valid identity card.
c. For each Specific Investors, because of the allotment, the refund of subscription money shall be managed
and conducted directly by the Company and therefore the Company set at liberty the Joint Lead Underwriters, Underwriters from any claimsfines for the negligence.
d. In case the Underwriters neglect in the refund then cause the delay in refund to the subscribers, then the
Underwriters must pay fine to the subscribers, for each late payment date, as much as interest rate of giro in the Receiving Bank which calculated from the third Business Days since the Allotment Date prorated for
each delay.
e. According to the cancellation or postponement of Public Offering which causing terminations of
Underwriting Agreement, as stipulated in the Underwriting Agreement, prevailing provisions as follows, among others:
- The refund of subscription money including fines for any delay of refund is the responsibility of the
Joint Lead Underwriters or Underwriters in accordance with each portions or Company for the Specific Subscribers, and shall be done at maximum 1 one Business Days after the termination of
Underwriting Agreement or announcement of cancellation of Public Offering;
- If the subscription money to be refunded is available including for Specific Subscribers, but the
subscribers have not come to obtain within 2 Business Days after the decision date of cancellation or postponement of Public Offering or termination of Underwriting Agreement, is not responsibility of the
Company, the Joint Lead Underwriters andor Underwriters, therefore there is no responsibility of fine and or interest payment to the subscribers.
The information contained in this Prospectus does not constitute any legal, business, financial or tax advice, and no representation is made to any person regarding the legality of an investment in the Shares under any laws or
regulations. Each potential acquirer of the Shares should determine for itself the relevance of the information contained in this Prospectus and its acquisition of Shares should be based upon such independent investigations
and consultations with its own tax, legal, business and other advisers as it deems necessary. If you are in any doubt about any of the contents of this Prospectus, you should obtain independent professional advice.
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444 The distribution of Share Subscription Confirmation Forms to each securities account of the subscribers where
the related Share Subscription Forms are to be submitted will be made immediately within 1 one day after the allotment date. The Share Subscription Confirmation Form can be taken upon presenting the Receipt for Share
Subscription.
14. OTHERS
In accordance with the Decision Letter of Bapepam Chairperson No.Kep-691BL2011 dated 30 December 2011 regarding Subscription and Allotment of Securities in the Initial Public Offer, in the event that there are more than
one subscription forms submitted by one party, for the purpose of shares allotment, the Allotment Manager can only submit one SSF which first proposed by the subscriber.
The Underwriters, Selling Agent and Affiliated Parties of the Underwriters, or Affiliated Parties of the Selling Agent are prohibited from purchasing or owning shares for their own account in the event of an over-subscription, if all
subscribers has received the full allotment and there is still any remaining shares, then the remaining shares shall be distributed proportionally, in unit of transactions, according to the number of shares subscribed by the
subscribers who are i Board of Directors, Board of Commissioners, employee, or any party owning 20 twenty percent shares or more of each Securities Companies acting as the Lead Underwriters or Securities Selling
Agent with respect to Initial Public Offering; ii Board of Directors, Board of Commissioners, andor ultimate shareholder of the Company; or iii Affiliate party as referred to letter i and letter ii, which are not doing the
subscription order for the interest of third party. In the event of an under-subscription in the Initial Public Offering, the Joint Lead Underwriters, Underwriters and
the Selling Agent or its Affiliated Parties shall not be allowed to sell the shares purchased or to be purchased under the Underwriting Agreement, until that such shares have been listed in the Stock Exchange.
The Underwriters shall submit the Public Offering Result Report to Bapepam dan LK at least 5 five Business Days after the Allotment Date according to Rule No. IX.A.2.
The information contained in this Prospectus does not constitute any legal, business, financial or tax advice, and no representation is made to any person regarding the legality of an investment in the Shares under any laws or
regulations. Each potential acquirer of the Shares should determine for itself the relevance of the information contained in this Prospectus and its acquisition of Shares should be based upon such independent investigations
and consultations with its own tax, legal, business and other advisers as it deems necessary. If you are in any doubt about any of the contents of this Prospectus, you should obtain independent professional advice.
