Paul Janelle, President Director of Sampoerna, said, "This transaction will be one of the biggest stock offerings over the past year, not only in Indonesia, but in the whole of Southeast Asia. It underlines our confidence in Indonesia and the country’s long-term prospects. As the country’s largest tax payer and one of its leading companies, operating here for more than 100 years, we are committed to supporting Indonesia’s economic development, growing Sampoerna's investment and meeting the Indonesian Stock Exchange’s regulations on publicly listed companies."
The purpose of the Rights Issue is to comply with the IDX’s requirement for all publicly listed companies to have at least 7.5% of their paid-up capital owned by the public by no later than January 30, 2016. Through the Rights Issue, Sampoerna offers 269,723,076 new shares, of which PMID as the main shareholder of the Company will exercise their certain Rights in the Rights Issue. To date, PMI has held a 98.18% interest of Sampoerna’s shares through PMID and has had one of the largest market capitalizations among publicly listed companies in Indonesia.
"The Rights Issue has attracted both investors from Indonesia and overseas, with the capital from foreign investors translating into other currency inflows into the country, demonstrating confidence in the Indonesian economy and its stock market. We anticipate that, after the transaction, Sampoerna could be included in the Jakarta Composite Index, thereby further strengthening the Index itself and increasing its valuation," added Mr. Janelle.
The total proceeds to Sampoerna from the Rights Issue amount to approximately Rp 20.768 trillion, which after deducting transaction-related expenses, Sampoerna intends to use for working capital purposes, including the repayment of working capital facilities. After completion of the transaction, PMID will own 92.5% of the issued and outstanding shares of Sampoerna, and 7.5% of the shares will be owned by the public. With the Rights Issue, Sampoerna will have the largest market capitalization on the Indonesia Stock Exchange.
About PT HM Sampoerna Tbk.
The company was established in 1913 and is the leading tobacco company in Indonesia, engaging primarily in the manufacture and trade of clove (kretek) cigarettes. The company had a market share of 34.9% in 2014, led by its strong brand portfolio including Dji Sam Soe and A Mild in premium segment and Sampoerna Kretek and U Mild in the medium price segment. Sampoerna operates seven manufacturing facilities across Java, partners with 38 Third Party Operators in contract manufacturing (TPO). Sampoerna, directly and indirectly, employs approximately 78,000 people, the majority of whom are involved in the production of Sampoerna’s hand-rolled kretek cigarette brands (SKT). The company distributes its products through 106 Area Sales and Distribution Offices throughout Indonesia. Sampoerna is an affiliate of Philip Morris International (PMI).
For more information: www.sampoerna.com
Media Contact:
Muhamad Heikal
Manager Corporate & External Communications
PT HM Sampoerna Tbk.
Phone +62 21 515 1234
Fax. +62 21 515 2234
Email Muhamad.Heikal@Sampoerna.com
Reporter: PR Wire
Editor: PR Wire
Copyright © ANTARA 2015
