PT SAMPOERNA AGRO Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Six Months Ended June 30, 2007 and 2006
Expressed in thousands of Rupiah, unless otherwise stated
38
17. SHARE CAPITAL continued
In Notarial Deed No. 16 of Linda Herawati, S.H., dated January 9, 2007, the existing shareholders sold their shares in the Company to Venture Max Resources Pte., Ltd. VMR, Singapore, which resulted to
VMR owning 95 shares of the Company. On January 26, 2007, based on Notarial Deed No. 102 of Linda Herawati, S.H., Salikin sold his
remaining shares in the Company to PT Nitiagro Lestari NIL, which resulted to NIL owning 5 shares of the Company.
On January 27, 2007, Aek Tarum and Binasawit Makmur distributed dividends of Rp40,000,000 and Rp12,000,000, respectively, based on their shareholders’ meetings which were both held on
December 21, 2006. These transactions did not affect the consolidated financial statements of the Group, unless 1 which was paid to the minority shareholder of those Subsidiaries.
On April 11, 2007, based on notarial deed No. 87 of Sutjipto S.H., M.Kn., due to its Initial Public Offering plan, the shareholders have resolved to the followings:
1. Approve the plan to go Initial Public Offering for the maximum of 551,350,000 shares with the par value of Rp200 per share.
2. Change the par value per share from Rp500 to become Rp200, which increased the number of issued shares to become 1,428,650,000.
3. Increase the issued and fully paid share capital from Rp285,730,000 to Rp396,000,000 or from 571,460,000 shares to 1,980,000,000 shares.
4. Change the Company’s articles of association to be in conformity with capital market law, which includes among others the change in the Company’s name from PT Sampoerna Agro to
become PT Sampoerna Agro Tbk. This shareholders’ resolution has been approved by the Ministry of Justice and Human Rights with its
letter No. W7-04137 HT.01.04-TH.2007 dated April 13, 2007 Note 1a. Based on Extraordinary Shareholders Meeting which was covered by Notarial Deed No. 110 of
Sutjitpto, S.H., M.Kn., dated September 18, 2006, the shareholders approved the amendments to the Company’s Articles of Association regarding share capital as follows:
1. Increase in the authorized share capital from Rp1,000,000,000 to Rp1,100,000,000 represented
by 2,000,000,000 shares to 2,200,000,000 shares. 2. Increase in issued and fully paid share capital from Rp258,830,000 represented by 517,660,000
shares to become Rp285,730,000 represented by 571,460,000 shares in connnection with the distribution of bonus shares, taken from assets revaluation increment, proportionally to the existing
shareholders. The above amendments were approved by the Ministry of Justice and Human Rights with its letter No.
W7-00788 HT.01.04-TH.2006 dated September 20, 2006. On June 18, 2007, based on BAPEPAM letter No. S-2707BL2007 dated June 7, 2007 regarding to
Effective Statement for Public Offering, The Company offered 461.350.000 newly-issued shares to public with par value Rp200 per share and offering price of Rp2,340 per share. The Company
obtained Rp1.079.559.000 from the offering.
PT SAMPOERNA AGRO Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Six Months Ended June 30, 2007 and 2006
Expressed in thousands of Rupiah, unless otherwise stated
39
18. SALES Sales classified by product were as follows:
