NEW YORK--(BUSINESS WIRE)--Oct. 1, 2015--
Regulatory News:
Philip Morris International Inc. (“PMI”) (NYSE/Euronext Paris: PM) today
announced that PT HM Sampoerna Tbk. (“Sampoerna”), an indirect
subsidiary of PMI in which PMI has to date held a 98.18% interest
through PT Philip Morris Indonesia (“PMID”), today disclosed on its web
site the pricing details for its ongoing rights issue (the “Rights
Issue”). The purpose of the Rights Issue is to comply with the
Indonesian Stock Exchange’s (“IDX”) mandatory requirement of a minimum
threshold for public shareholding. Pursuant to IDX regulations, all
listed public companies are required to have at least 7.5% of their
total paid-up capital owned by the public (excluding controlling or
principal shareholders) by January 30, 2016. As advised by Sampoerna on
its website, the exercise price for the rights has been set at Rp.
77,000, a 1.349% premium to the closing price on the IDX of Rp. 75,975
on September 30, 2015. In connection with the Rights Issue, PMID is
selling 264,209,711 of the rights to which it is entitled in a placement
to institutional investors; PMID is subscribing to the remaining 600,640
rights to which it is entitled. The placement price for the shares
underlying PMID's rights is the same as the exercise price for the
rights. Delivery of the rights shares sold in the placement is expected
to take place on or about October 26, 2015. The total net proceeds to
Sampoerna from the Rights Issue, after deducting related commissions,
professional fees and other transaction-related expenses, amount to
approximately $1.4 billion*, which Sampoerna intends to use for general
corporate purposes and working capital purposes, including the repayment
of working capital facilities. After completion of the Rights Issue,
PMID will own 92.50% of the issued and outstanding share capital of
Sampoerna.
This notice is not an offer for sale in the United States of the
rights shares or the rights (the "Securities") that Sampoerna proposes
to issue in connection with the Rights Issue. The Securities have not
been and will not be registered under the Securities Act of 1933, as
amended (the "Securities Act") and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements of the Securities Act.
* Reflects exchange rate of Rp. 14,657 / $1.00 on September 30, 2015.
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Philip Morris International Inc.
Philip Morris International Inc. (PMI) is the leading international
tobacco company, with six of the world's top 15 international brands,
including Marlboro, the number one cigarette brand worldwide.
PMI's products are sold in more than 180 markets. In 2014, the company
held an estimated 15.6% share of the total international cigarette
market outside of the U.S., or 28.6% excluding the People's Republic of
China and the U.S. For more information, see www.pmi.com.
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Source: Philip Morris International Inc.
Philip Morris International Inc.
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