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INTP:IJ Rp. 15,025 altimage 5.07%
01-Dec-2020 16:54
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INTP:IJ Rp. 15025 altimage 5.07%
01-Dec-2020 16:54

Share Listing Chronology

1. Initial Public Offering
On October 2, 1989, the Company received permission to conduct an Initial Public Offering to the public for 598,881,000 ordinary shares at a nominal value of Rp1,000 per share which represents 10.0% of the issued and paid-up capital of the Company after the Public Offer, with an offer Price of Rp 10,000 per share.

The common shares offered in the Public Offering were composed entirely of new shares that came from the portfolio of the Company, and would give the holder the same rights and were fully paid, including the right to dividends, the right to vote at the General Meetings of Shareholders, the right to any bonus shares and Pre-emptive rights (PR).

In line with the public offering the Company, on behalf of existing shareholders, also offered an additional 5.0% of the issued and paid-up capital of the Company after the public offering.

All public offering shares were listed on the Indonesia Stock Exchange on December 5, 1989.

2. Convertible Bonds Conversion
In 1994, the Company issued 8,555,640 shares through the partial conversion of Euro bonds with a principal value of USD35,140,000.. Accordingly, the Company transferred and reclassified the portion of debt bonds to Rp8,556 as capital stock and Rp67,320 as share premium. The remainder of the Euro Bonds valued at USD39,860,000 were fully paid in 1994.

3. Increase of authorized capital and the issuance of Bonus Shares At an EGM held on June 15, 1994, the shareholders approved the increase in authorized capital of the Company from Rp750,000 to Rp2,000,000 with the issuance of one bonus share for every share held by shareholders on August 23, 1994, amounting to 599,790,020 bonus shares.

4. Stock Split
At an EGM held on June 25, 1996, the shareholders approved a stock split with the par value of the Company’s shares split from Rp1,000 per share to Rp500 per share. The number of shares issued and fully paid after a stock split increased from 1,207,226,660 to 2,414,453,320 shares. The shareholders’ decision was approved by the Minister of Justice in Decree No.CT-HT.01.04.A4465 dated July 29, 1996.

5. Increase in Authorized Capital
At an EGM held on June 26, 2000, the shareholders approved the increase in authorized capital of the Company from Rp2,000,000 divided into 4 billion shares with a par value of Rp500 per share, to Rp4,000,000 divided into 8 billion shares with the same par value. The shareholders’ decision of was approved by the Minister of Law and Legislation in Decree No. C-13322.HT.01.04.TH.2000 dated July 7, 2000.

6. Issuance of shares to Marubeni Corporation
At an EGM held on December 29, 2000, the shareholders approved the issuance of 69,863,127 common shares to Marubeni Corporation in a debtto-equity swap.

7. Limited Public Offering with Preemptive Rights
At an EGM held on March 29, 2001, the shareholders approved a Rights Issue with Preemptive Rights (PR) offering to purchase new shares, at a price of Rp1,200 per share. The total number of shares issued was 1,895,752,069 shares, with an option to receive Warrants C if the shareholders did not exercise their rights under certain terms and conditions.

On May 1, 2001 (the last date of execution), the total number of shares issued for the rights exercise were as follows:
• 1,196,874,999 shares to Kimmeridge Enterprise Pte. Ltd., a subsidiary of HeidelbergCement AG, on 26 April 2001, through the conversion of USD149,886,295 debt.
• 32,073 shares to public shareholders.
• The total number of shares issued for the exercise as Warrants C was 8,180 shares. 

All shares are listed in Indonesia Stock Exchange.

 

Indocement, a producer of Semen Tiga Roda Cement and Semen Rajawali