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2. LIMITED PUBLIC OFFERING
Type of Offering : Rights issue
Nominal Value : Rp100 One Hundred Rupiah
Exercise Price :
Rp77,000 seventy seven thousand Rupiah Conversion Ratio
: 65 sixty-five existing shares entitled to 4 four Rights
Shareholder Dilution :
5.8 five point eight percent Listing
: IDX
The capital structure and shareholder structure of the company at the time the prospectus issued is as follows:
Description Par Value of Rp 100,- pershare
Total Shares Total Nominal Value Rp
Authorized Capital 6,300,000,000
630,000,000,000
Issued and Paid Up Capital:
- PT Philip Morris Indonesia 4,303,168,205
430,316,820,500 98.18
- Public with ownership of under 5 79,831,795
7,983,179,500 1.82
Total Issued and Paid-Up Capital 4,383,000,000
438,300,000,000 100.00
Unissued Shares 1,917,000,000
191,700,000,000
If all of the offered Rights in the LPO is entirely exercised by the Companys shareholders, the pro forma composition of the Companys share capital after the LPO are as follows:
Description Par Value of Rp 100,- pershare
Total Shares Total Nominal Value Rp
Persentase Authorized Capital
6,300,000,000 630,000,000,000
Issued and Paid Up Capital:
- PT Philip Morris Indonesia 4,567,978,556
456,797,855,600 98.18
- Public with ownership of under 5 84,744,520
8,474,452,000 1.82
Total Issued and Paid-Up Capital 4,652,723,076
465,272,307,600 100.00
Unissued Shares 1,647,276,924
164,727,692,400
If PMID as the primary shareholder of the Company exercise a portion of its Rights in the LPO that is 600,640 six hundred thousand six hundred and forty Rights, the pro forma composition of the Companys share capital after the
LPO are as follows:
Description Par Value of Rp 100,- pershare
Total Shares Total Nominal Value Rp
Authorized Capital 6,300,000,000
630,000,000,000
Issued and Paid Up Capital:
- PT Philip Morris Indonesia 4,303,768,845
430,376,884,500 92.50
- Public with ownership of under 5 348,954,231
34,895,423,100 7.50
Total Issued and Paid-Up Capital 4,652,723,076
465,272,307,600 100.00
Unissued Shares 1,647,276,924
164,727,692,400
If PMID as the primary shareholder of the Company exercise a portion of its Rights in the LPO that is 600,640 six hundred thousand six hundred and forty Rights, however minority shareholders do not fully exercise their Rights in the
LPO, the pro forma composition of the Companys share capital after the LPO are as follows:
Description Par Value of Rp 100,- pershare
Total Shares Total Nominal Value Rp
Authorized Capital 6,300,000,000
630,000,000,000
Issued and Paid Up Capital:
- PT Philip Morris Indonesia 4,303,768,845
430,376,884,500 92.50
- Public with ownership of under 5 344,041,506
34,404,150,600 7.40
- New Shares form Rights Issue not excercised by the Company’s shareholders
4,912,725 491,272,500
0.10
Total Issued and Paid-Up Capital 4,652,723,076
465,272,307,600 100.00
Unissued Shares 1,647,276,924
164,727,692,400
However, this does not rule out the possibility that the shareholders are be able to exercise part of the Rights owned. More detailed information regarding Limited Public Offering can be seen in Chapter I of this Prospectus.
3. USE OF PROCEEDS