• Abstract and Figures
• Public Full-text

Extraordinary General Meeting of Shareholderss (EGMS) 18 January 2010 Trading Period of Rights 1 – 5 February 2010 Effective Date 18 January 2010 Exercise Period of Rights 1 – 5 February 2010 Cum Date of Rights on: Final Date of Payment for Ordering 9 February 2010 Additional Shares • Regular Market and Negotiation Market 25 January 2010 Allotment Date 10 February 2010 • Cash Market 28 January 2010 Periode for Delivering Shares Resulting fromTthe Exercise of Rights Electronically 3 February 2010 –9 January 2010 Ex Rights Date of Trade on: Date of Refund Of Additional Shares 1 2 February 2010 • Regular Market and Negotiation Market 26 January 2010 Trading Period of Warrant Serial II on: • Cash Market 29 January 2010 • Regular Market and Negotiation Market 1 February 2010 – 25 January 2013 Registration Date of Shareholderss Entitled to • Cash Market 1 February 2010 – 30 Rights (Record Date) 28 January 2010 January 2013 Distribution Period of Rights Certificate 29 January 2010 Exercise Period of Warrant Serial II 1 August 2010 – 31 January 2013 Date of Rights and Warrant Serial II Listing on 1 February 2010 Expired Date of Warrant Serial II 31 January 2013 Stock Exchange BAPEPAM - LK NEITHER PROVIDE ANY STATEMENT OF APPROVAL OR NON-APPROVAL OF THIS SECURITIES NOR PROVIDE ANY STATEMENT AS TO THE CORRECTNESS OR ADEQUACY OF THIS PROSPECTUS. ANY STATEMENT TO THE CONTRARY IS AGAINST THE LAW. PT BAKRIE SUMATERA PLANTATIONS Tbk. IS FULLY RESPONSIBLE FOR THE CORRECTNESS OF ALL INFORMATION, DATA OR REPORT AND THE INTEGRITY OF OPINIONS AS PRESENTED IN THIS PROSPECTUS. PPPTTT BBBaaakkkrrriiieee SSSuuummmaaattteeerrraaa PPPlllaaannntttaaatttiiiooonnnsss TTTbbbkk... Line of business: Engaged in plantation and processing of rubber and oil palm Head Office Corporate Center - Jakarta Jl. Ir. H. Juanda Wisma Bakrie 2, 15th Floor Kisaran 21202, Kab. Asahan, Jl. H.R. Rasuna Said Kav. B-2 Sumatera Utara, Indonesia Jakarta 12920, Indonesia Telephone : (62-623) 41434 Telephone : (62-21) 252 1286 - 88 Fax : (62-623) 41066 Fax : (62-21) 252 1252 E-mail: [email protected] E-mail: [email protected] Website: http://www.bakriesumatera.com Website: http://www.bakriesumatera.com LIMITED PUBLIC OFFERING II TO COMPANY’S SHAREHOLDERS FOR THE ISSUEANCE OF PREEMPTIVE RIGHTS (“RIGHTS”) Total of 9,469,992,337 (nine billion four hundred sixty nine million and nine hundred ninety two thousand three hundred thirty seven) shares with a nominal value of Rp 100 (one hundred Rupiah) per share offered at the Exercise Price of Rp 525 (five hundred twenty five Rupiah) per share so that the total issuance will be Rp 4,971,745,976,925 (four trillion nine hundred seventy one billion, seven hundred forty five million and nine hundred seventy six thousand nine hundred twenty five Rupiah) issued from the portfolio and will be listed on Jakarta Stock Exchange and Surabaya Stock Exchange. Every holder of 2 (two) shares whose name is registered in Shareholderss Register Book on 28 January 2010 at 16.00 WIB is entitled to receive 5 (five) Rights to buy 5 (five) shares offered at Bid Price of Rp 525 (five hundred twenty five rupiah) per share that must be fully paid upon submitting the application for Rights Exercise. Every 15 (fifteen) new shares resulting from the exercise of Rights are included 1 (one) Warrant Serial II issued free of charge as incentive for the Company’s shareholders and/or Rights holder exercising their right. Simultaneously with this Limited Public Offering III, the Company issues 631,332,822 (six hundred thirty one million three hundred thirty two thousand and eight hundred twenty two) Warrant Serial II. Warrant Serial II is a security that give right to its holder to buy share with nominal value of Rp 100 (one hundred Rupiah) per share at the exercise price of Rp 530 (five hundred thirty Rupiah) per share that can be exercised during the exercise period of warrant for 3 years commencing from 1 August 2010 to 31 January 2013 where every holder of 1 (one) warrant has right to buy 1 (one) share of PT Bakrie Sumatera Plantations Tbk. The holder of Warrant Serial II do not have the right as shareholder, including right of dividend, as long as the Warrant Serial II were not being exercised to share. If the Warrant Serial II were not being exercised until the end of exercise period, the Warrant Serial II would be expired, valueless and void. The validity period of Warrant Serial II can be extended by taking into account the prevailing provision as well as legislation. The result of Rights exercise and result of Warrant Serial II exercise offered through this Limited Public Offering III are entirely the shares issued by the Company’s Portfolio and will be listed in the Indonesian Stock Exchange. If the shares offered in this Limited Public Offering II are taken or acquired by the Rights holder, the remaining shares shall be allocated to the other Rights holder who have exercised their Rights greater than their Rights as contained in the Register of Rights Holder, proportionally pursuant to the Rights that are already exercised. In the event that after the allocation there are still any remaining shares, pursuant to the Notarized Standby Buyer Agreement for the Limited Public Offering III of PT Bakrie Sumatera Plantations Tbk in the Deed No. 74 dated 8 December 2009, drawn up before Aulia Taufani, S.H, as substitute for Sutjipto, S.H., Notary in Jakarta, it is agreed that the remaining shares not taken by the shareholders entirely will be taken by PT Danatama Makmur at the same price as the price of Limited Public Offering III of the Company, which is Rp 525 (five hundred and twenty five Rupiah) per share. The Pre-Emptive Rights (hereinafter referred to as “Rights”) can be traded on and off the Indonesian Stock Exchange commencing from 1 February 2010 to 5 February 2010. For the shareholders whose Rights has denomination, such denomination shall be owned by the Company and shall be sold by the Company. The fund received from such selling shall be deposited to the Company’s account. THIS LIMITED PUBLIC OFFERING III BECOMES EFFECTIVE AFTER BEING APPROVED BY THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS OF THE COMPANY. IN THE EVENT THAT THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS DOES NOT APPROVE THE RIGHTS ISSUE, ANY ACTIVITY TO PERFORM BY THE COMPANY WITH REGARD TO THE ISSUE OF RIGHTS ACCORDING TO THE ABOVE MENTIONED SCHEDULE SHALL BE CONSIDERED NOT TO HAVE TAKEN PLACE. THE MAJOR RISK FACED BY THE COMPANY SHALL BE THE COMMODITY PRICE FLUCTUATION IMPORTANT NOTICE Considering that the shares offered are 9,469,992,337 (nine billion four hundred sixty nine million and nine hundred ninety two thousand three hundred thirty seven) shares, if the existing shareholders did not exercise their rights, their ownership in the company would be diluted by maximum of 71.43% after the exercise of the Rights and maximum 72.73% after exercise of Warrant Serial II. STANDBY BUYER PT DANATAMA MAKMUR THE COMPANY WILL NOT ISSUE SHARES RESULTING FROM LIMITED PUBLIC OFFERING III IN FORM OF COLLECTIVE CERTIFICATE. THE SHARES WILL BE DISTRIBUTED ELECTRONICALLY AND WILL BE ADMINISTRATED IN COLLECTIVE DEPOSIT BY PT KUSTODIAN SENTRAL EFEK INDONESIA. PT Bakrie Sumatera Plantations Tbk. (hereinafter referred to as “Company”) has submitted a Registration Statement with letter No. 077/Dir-BSP/Bapepam/XII/2009 in respect of the Limited Public Offering III through the issue of Rights (hereinafter referred to as “Limited Public Offering III”) to the Chairman of Capital Market and Financial Institution Supervisory Board (BAPEPAM-LK) on 14 December 2009, in accordance with the terms and conditions stipulated in Regulation No. IX.D.1 enclosure to BAPEPAM Chairman Decision No. Kep-26/PM/2003 dated 17 July 2003 on Rights Issue and Bapepam Regulation No. IX.D.2 enclosure to BAPEPAM Chairman Decision No. Kep.08/PM/2000 dated 13 March 2000 on “The Guidelines of the Form and the Content of the Registration Statement for the Pre-emptive Rights” which is the implementation of Law No. 8/1995 dated 10 November 1995 on Capital Market. The Company together with the Capital Market Supporting Institutions and Professionals involved in the Limited Public Offering III are fully responsible for the correctness of all data, information or report as well as the honesty of opinions presented in this Prospectus in accordance with their respective tasks based on the prevailing rules and the respective code of ethics and professional standards. In regard to this Limited Public Offering III, all affiliated parties are prohibited from providing any explanation and/or furnishing any statement or whatsoever concerning matters which are not disclosed in this Prospectus without the prior written approval from the Company. If the shares offered in this Limited Public Offering III are not entirely taken or acquired by the Rights Holder, then the remainder will be allocated to the other Rights Holder making order greater than its right as contained in the Register of Rights Holder, proportionally based on the right exercised. If after such allocation, there are still remainder of shares offered, then according to the provisions in the Deed of Agreement on Purchase of Remainder of Shares in Limited Public Offering III of PT. Bakrie Sumatera Plantations Tbk. No. 74 dated December 8, 2009 drawn up before Aulia Taufani, S.H., as substitute of Sutjipto, S.H., Notary Public in Jakarta, it is agreed that the remaining shares not taken by the shareholders entirely will be taken by PT Danatama Makmur at the same price as the price of Limited Public Offering III of the Company, which is Rp 525 (five hundred and twenty five Rupiah) per share.

Load more

  153

Copy Link