Description of Preemptive Rights
- Public 2,372,793,740
237,279,374,000 49.00
3,037,949,518 303,794,951,800
49.00
Total Issued and Paid-up Capital
4,842,436,500 484,243,650,000
100.00 6,199,897,354
619,989,735,400 100.00
Shares in Portfolio 10,157,563,500
1,015,756,350,000 8,800,102,646
880,010,264,600
In the event that all Right Shares offered with respect to this Right Issue I are not exercised by all of the Companys shareholders, with the exception of the Republic of Indonesia as a shareholder, and in the event that there are New Shares
remaining unsubscribed subsequent to such allocation, the Company’s capital structure subsequent to the Republic of Indonesia on a proforma basis shall be as follows:
Name of Shareholder Prior to Right Issue I
Subsequent to Right Issue I Nominal Value Rp.100.- per share
Nominal Value Rp.100.- per share Number of
Shares Total Nominal
Value Rp Number of Shares
Total Nominal Value Rp
Authorized Capital
A Series Dwiwarna Shares 1
100 1
100 B Series
14,999,999,999 1,499,999,999,900
14,999,999,999 1,499,999,999,900
Total Authorized Capital 15,000,000,000
1,500,000,000,000 15,000,000,000
1,500,000,000,000 Issued and Paid-up Capital
A Series Dwiwarna Shares - The State the Republic of
Indonesia A Series 1
100 0.00
1 100
0.00 B Series Shares
- The State the Republic of Indonesia B Series
2,469,642,759 246,964,275,900
51.00 3,161,947,835
16,194,783,500 51.00
- Public 2,372,793,740
237,279,374,000 49.00
2,372,793,740 237,279,374,000
38.27 - Stand-by Buyers
665,155,778 66,515,577,800
10.73 PT Bahana Securities Affiliated
219,501,407 21,950,140,700
3.54 PT Danareksa Sekuritas Affiliated
226,152,964 22,615,296,400
3.65 PT Mandiri Sekuritas Affiliated
219,501,407 21,950,140,700
3.54
Total Issued and Paid-up Capital 4,842,436,500
484,243,650,000 100.00
6,199,897,354 619,989,735,400
100.00 Total Shares in Portfolio
10,157,563,500 1,015,756,350,000
8,800,102,646 880,010,264,600
The Company’s Majority Shareholder, namely the Republic of Indonesia shall exercise its rights in this Rights Issue I in accordance with its portion of ownership as stipulated in Law No. 14 of 2016 concerning the State Budget of 2016 Budget Year juncto Law no. 12 of 2016
concerning the Amendment of Law No. 14 of 2015 concerning the State Budget of 2016 Budget Year, which implementation is stipulated by the Regulation of the Government of the Republic of Indonesia No. 44 of 2015 concerning the Additional Capital Investment of the Republic of
Indonesia in the Share Capital of Perusahaan Perseroan Persero PT Pembangunan Perumahan Tbk.
In the event that the public shareholders do not exercise their rights to subscribe to the Right Shares offered in this Right Issue I in accordance with their respective preemptive rights, the percentage of ownership of such public shareholders shall be diluted by a maximum of 21.89
twenty one point eight nine percent. Holders of the Preemptive Rights who do not exercise their rights to purchase shares with respect to this Right Issue I may sell their rights to
other parties from December 8, 2016, up to December 15, 2016, whether on the Stock Exchange or outside of the Stock Exchange in accordance with FSAR No. 322015.
The Company has obtained the approval from the EGMS to issue 1,357,460,854 one billion three hundred fifty seven million four hundred sixty thousand eight hundred fifty four new shares, each having a nominal value of Rp100.- one hundred Rupiah per share. The estimated amount
of proceeds to be received by the Company in this Right Issue I is approximately Rp4,411,747,775,500 four trillion four hundred eleven billion seven hundred forty seven million seven hundred seventy five thousand five hundred Rupiah.
Pursuant to the FSAR No. 322015, this Right Issue I shall be effective upon approval of the Companys EGMS, which was held on August 22, 2016, and upon receipt of Effective Statement from the FSA.
All of the Preemptive Rights shares shall be issued from portfolio and shall be listed on the IDX with due considerations to the prevailing laws and regulations. The Right Shares shall have identical rights in all respect including the right to receive dividends and rank equally with the
Company’s existing paid-up shares. Each fraction of Preemptive Right shall be rounded down, in accordance with the provisions of FSAR No. 322015, in the event that shareholders own Preemptive Rights in the form of a fraction, the rights over such fraction of securities must be sold
by the Company, and the proceeds of such sales shall be deposited to the Companys account.