- 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.
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8. Rejection of Exercise of HMETD
The Company reserves the right to reject an exercise of HMETD, in whole or in part, in accordance with the prevailing terms and conditions. Notification of such rejection will be announced together with the announcement of allotment.
The following may result in a rejection of an exercise of HMETD, among others: a. the HMETD Certificate or Additional FPPS are not completed in accordance with the instructionsconditions for subscription of shares as
stipulated in the HMETD Certificate and this Prospectus; b. Failure to fulfill the terms of payment; and
c. Failure to fulfill the requirements for completion of application documents.
9. Refund
If an application for additional shares is not fulfilled in whole or in part, or in the event of a cancellation of subscription of shares, a refund will be paid by the Company no later than 28 November 2013. In the event of a delay in the payment of a refund, the amount to be refunded will bear
interest calculated from the third day after the allotment date or after the announcement of the cancellation of LPO I until the date of refund by taking into account the clearing account interest rate applied to the Company on the refund date, unless the delay results from the failure of the
subscriber to collect re refund amount at the determined time. The refund shall be paid in Rupiah by using cheque or a book entry settlement to
the subscriber’s account. The refund which is paid in cheque may be collected at:
PT Raya Saham Registra Plaza Sentral Building, 2
nd
Floor Jl. Jend Sudirman Kav 47-48
Jakarta 12930 Tel: 62 21 252 5666
Fax: 62 21 252 5028 by presenting valid original identity card or any other identification document for individuals, copy of the articles of association and power of
attorney for legal entitiesinstitutions and submitting the original receipt of shares subscription application and copy of identity card or any other identification documents. The subscribers will not be imposed with any bank charges or transfer fees for such refunded amount.
10. Delivery of Shares from the Exercise of HMETD and Its Credit to Securities Account
New Shares for subscriber who has exercised its HMETD in accordance with its entitlement through KSEI will be credited to the securities account within 2 two Business Days after the application to exercise the HMETD is received from KSEI and the exercise price for such shares
are paid in good funds to the Company’ account.
New Shares for HMETD holder in script form who has exercise its HMETD in accordance with its entitlement will receive Shares Collective Certificate or shares in the script form at the latest 2 two Business
Days after the request is received by the Company’s Share Registrar and the
exercise price for such shares are paid in good funds to the Company’s account. The New Shares from the alloted Additional Shares will be available to be collected in the form of Shares Collective Certificate or will be
distributed electronically in the collective depository at KSEI by no later than 2 two Business Days after the allotment date. The collection may be made at the office of the Share Registrar as appointed by the Company by presentingsubmitting the following documents:
a. An original Identification Document for individual subscribers; b. A copy of its articles of association and the current composition of its Board of Directors or Board of Commissioners of management for
institutionslegal entity; c. An original lawful power of attorney for institutionlegal entity or individual so authorized bearing a Rp. 6,000 stamp duty enclosed with
copy of identity cardpassportKITAS of the shareholder and the proxy; d. Original receipt of subscription of shares.
11. Allocation of Unexercised HMETD
In the event that the new shares offered in this LPO I are not fully subscribed by the HMETD holders, the remaining shares shall be allocated to other public Shareholders who have applied for additional shares, as indicated in the HMETD Certificate or Additional FPPS proportionally to its
exercised HMETD. If after such allotment there are still remaining new shares, then Magna Resources pursuant to the Standby Purchase Agreement will subscribe
all remaining shares offered and are not subscribed by public in this LPO Iat an exercise price of Rp. 6,750 six thousand seven hundred and fifty rupiahs.
