PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5132 40. SHARE CAPITAL continued
a. Authorised, Issued and Fully Paid-in Capital continued
As a follow up action on the Government of Republic of Indonesia Regulation No. 272003 dated 2 June 2003, which approved the divestment of the Government ownership in Bank Mandiri of up
to 30.00, and based on a decision of Tim Kebijakan Privatisasi Badan Usaha Milik Negara No. Kep-05TKP012004 dated 19 January 2004, the Government of the Republic of Indonesia
divested an additional 10.00 of ownership interest in Bank Mandiri or 2,000,000,000 shares of Common Shares of B Series on 11 March 2004 through private placement.
On 14 July 2003, the date of the IPO, through MSOP Stage 1 Management Stock Option Plan - Stage 1, the Bank issued 378,583,785 share options for the management with an exercise price
of Rp742.50 full amount per share and a nominal value of Rp500 full amount per share. The share options are recorded in the Shareholders’ Equity account - Share Options at fair value
amounted to Rp69.71 full amount per share options. MSOP Stage 1 has been exercised in total 375,365,957 shares, thereby increasing the total issued and fully paid capital by Rp187,683,
share premium by Rp117,193. MSOP stage 1 could be exercised until 13 July 2008 based on Announcement of Indonesia Stock Exchange formerly Jakarta Stock Exchange No. Peng-
262BEJ.PJSP07-2004 dated 14 July 2004.
The Annual General Shareholders’ Meeting on 16 May 2005 approved MSOP Stage 2 amounted to 312,000,000 share options. The exercise price for each share is Rp1,190.50 full amount to be
exercised in the first year and Rp2,493 full amount to be exercised in the second year and the following year. The nominal value per share is Rp500 full amount. The Bank recorded MSOP
Stage 2 in the shareholders’ equity account - Share Options with fair value amounted to Rp642.28 full amount per share options. MSOP Stage 2 has been exercised in total
311,713,697 shares thereby increasing the total issued and fully paid capital by Rp155,857 and share premium by Rp425,233. The fifth period the last period to exercise the MSOP Stage 2
conversion option right start from 4 May 2010 during 30 trading days as published in the Announcement of the Indonesia Stock Exchange formerly Jakarta Stock Exchange No. Peng-
97BEJ-PSJP02-2007dated 2 February 2007. The un-exercised MSOP Stage 2 stock option was 286,303 shares or amounting to Rp184 that has expired and recorded as additional paid-in
capitalagio.
The Annual General Shareholders’ Meeting on 22 May 2006 approved MSOP Stage 3 amounted to 309,416,215 share options. The General Shareholders’ Meeting also delegated an authority to
the Board of Commissioners to determine the execution and monitoring policy of MSOP Stage 3 including the options implementation and report it in the next annual general shareholders’
meeting.
The exercise price for each share in the MSOP Stage 3 is Rp1,495.08 full amount with nominal value of Rp500 full amount per share. The Bank recorded MSOP Stage 3 as part of the
shareholders’ equity account at fair value amounted to Rp593.89 full amount per share option. The total option that has been exercised in MSOP Stage 3 was 309,415,088 shares thereby
increasing the total issued and fully paid capital by Rp154,707 and share premium by Rp491,651. The execution period of MSOP Stage 3 ended in February 2011, before the commencement
Bank Mandiri pre-emptive rights trading dated 14 February 2011 until 21 February 2011. The un- exercised MSOP Stage 3 stock option was 1,127 shares or amounting to Rp4 that has expired
and recorded as additional paid-in capitalagio.
On 27 December 2010, Bank Mandiri submitted a first registration to the Financial Services Authority formerly Capital Market Supervisory Board and Financial Institution “Bapepam and
LK” in relation to the limited public offering to the Bank’s shareholders in respect to the issuance of pre-emptive rights Rights of 2,336,838,591 shares series B. The limited public offering has
been approved by the Board of Commissioners through its letter dated 29 April 2010. The Bank has submitted the notification letter regarding the limited public offering to Bank Indonesia
through its letter dated 17 September 2010. The limited public offering has been enacted through the Indonesian Government Regulation No. 75 of 2010 dated 20 November 2010.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5133 40. SHARE CAPITAL continued
a. Authorised, Issued and Fully Paid-in Capital continued
