The IFR Asia Awards is part of the Thomson Reuters Awards for Excellence, recognizing corporate and individual success in the global financial industry.
“Pulling off a sizable equity offering in a country where macroeconomic indicators and the currency are both pointing down is no mean feat,†said Thomson Reuters in its written remarks on Sampoerna’s 269.7 million shares issued.
The Rights Issue, completed in November 2015, was the largest-ever secondary placement in Southeast Asia and also the largest equity offering in Indonesia since 2008. The Rights Issue attracted both domestic and foreign investment, with capital from foreign investors translating into currency inflows into the country, demonstrating confidence in both the Indonesian economy and stock market.
As a result, Sampoerna’s market capitalization of Rp. 504.238 trillion (USD 37,313 billion) as of February 22, 2016, is currently the largest in Indonesia. In addition, Sampoerna is also the country’s largest tax payer.
“The Indonesian company’s strong management, the defensive nature of the business and its likely entry into the local benchmark index made the stock a must-have for local and international investors and paved the way for a premium pricing,†said Thomson Reuters.
Mr. Sandritter expressed his appreciation for the award. “The award inspires us to work even harder for all of our adult-smokers, business partners and shareholders. Sampoerna’s decision to conduct the Rights Issue, and investors’ overwhelming positive response to the deal, indicates broad confidence in Indonesia and its long-term prospects,†said Mr. Sandritter, a member of Sampoerna’s Board of Directors.
In January 2016, Sampoerna also received the 2015 FinanceAsia Achievement Award in the "Best Indonesia Deal" category.
About PT HM Sampoerna Tbk.
Founded in 1913, Sampoerna -- an affiliate of PT Philip Morris Indonesia and part of Philip Morris International Inc. -- is the leading Indonesian tobacco company, focusing primarily on the production and sale of clove cigarettes. In 2015, Sampoerna held a 35.0% market share driven by its strong brand portfolio, including Dji Sam Soe and A Mild in the premium price segment and Sampoerna Kretek and U Mild in the mid-price segment. Sampoerna operates seven production facilities in Java and partners with 38 Third Party Operators, employing – directly and indirectly – a total of approximately 70,000 employees, mostly in the production of hand-rolled clove cigarettes. Sampoerna distributes its products via more than 100 sales and distribution area offices across Indonesia.
Sampoerna is the largest company by market capitalization on the Indonesian Stock Exchange, where it trades under the ticker symbol “HMSP.†Sampoerna was Indonesia’s largest taxpayer in 2015, with payments to the Government of more than Rp. 67 trillion.
For further information, please visit: www.sampoerna.com
Media Contact:
Elvira Lianita
Head of Regulatory Affairs, International Trade, & Communications
PT HM Sampoerna Tbk.
Tel. +62 21 515 1234
Fax. +62 21 515 2234
Email elvira.lianita@sampoerna.com
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* At prevailing exchange rates on the closing date.
Reporter: PR Wire
Editor: PR Wire
Copyright © ANTARA 2016
