Corporate Information

Transkripsi

1 Bakrie Tower, 12 th floor Komplek Rasuna Epicentrum Jl. H.R. Rasuna Said Jakarta, INDONESIA Website: Corporate Information BUMI S RIGHT ISSUE AND MCB PLAN ADDITIONAL INFORMATION Jakarta, 12 May 2017 The Company confirms having provided an additional explanation to IDX on its proposed Rights Issue and Mandatory Convertible Bonds. Your attention is drawn to the attached letter, posted on IDX website this morning. We provide an overview of the Company s Rights Issue and MCB Issue structure to enable provide a complete understanding to the public. BUMI RIGHTS ISSUE& MCB COMPUTATION AN OVERVIEW Debt Restructured IDR/1USD (in IDR) No. of New Shares IDR/Share #of shares Total Rights Issue $2,011,924,522 13,235 26,627,821,052, ,750,928,802 MCB $639,000,000 13,235 8,457,165,000 N/A FOR RIGHTS ISSUE Share outstanding 36,627,020,427 shares Rights Issue 28,750,928,802 shares Preemptive Right New shares/ 1 existing shares Preemptive Right 78 New shares/ 100 existing shares (per one lot) Preemptive Right 78 New shares/ 100 existing shares (per one lot) Every 100 existing shares have the preemptive rights to purchase 78 new shares issued via the rights issue For MCB Share outstanding 36,627,020,427 shares MCB to issue 8,457,165,000,000 IDR face value Unit price 1.00 IDR/unit MCB MCB units 8,457,165,000,000 units Preemptive Right Units MCB/ 1 existing share Preemptive Right 23,089 Units MCB/ 100 existing share (per one lot) Every 100 existing shares have the preemptive rights to purchase units MCB at IDR 1 per unit MCB Page 1 of 2

2 MCB s have limited Convertibility over tenor of 7 years based on an agreed formula in the Court approved debt Composition Plan. MCB s A COMPANY VIEW MCB s should be viewed as an entitlement offered by the Company to existing shareholders to enable them prevent future dilution of their stake. This will give them the right to purchase units of OWK rights (at a denomination of Rp1/OWK unit) for every 100 share (1 lot) they hold. The proceeds then enable the Company to settle the outstanding MCB s. The recording date for OWK rights is 26 May 17 for the proposed AGM 16 planned for 16 June 17. For further information, please contact: Dileep Srivastava Director & Corporate Secretary PT Bumi Resources Tbk. Tel (62-21) Fax (62-21) dileep@bumiresources.com Page 2 of 2

3 No.: 170/BR-BOD/V/17 Jakarta, 12 May 2017 PT INDONESIA STOCK EXCHANGE Gedung Bursa Efek Indonesia, Tower 1 Jl. Jend Sudirman Kav Jakarta Up. : Bpk. Samsul Hidayat Director of Company Evaluation Bpk. I Gede Nyoman Yetna Division Head for Evaluation of Group 1 Companies Regarding: Additional Explanations of PT Bumi Resources Tbk ( the Company or BUMI ) with respect to Mass Media New Story Referring to letter of PT Bumi Resources Tbk ( the Company ) No.: 161/BR-BOD/IV/17 dated 9 May 2017 regarding the Explanation of PT Bumi Resources Tbk., we wish to furnish further explanation in respect of the previous letter of explanation, as follows: - Each holder of 100 shares would obtain 78 Series A RIGHTS wherein 1 Series A RIGHT would be entitled to purchase 1 Series B New Share at an Exercise Price of Rp per share or totaling Rp26,627,821,052,243; and - Each holder of 100 shares would obtain 25 Series B RIGHTS wherein each 1 Series B RIGHT would be entitled to purchase 1 unit of MCB at an Exercise Price of Rp or totaling Rp8,457,165,000,000. The MCB would be issued in scrip form. MCB must be converted into Series B Common Shares (1) at Conversion Price of Rp1,204 in the first year and second year, (2) in third year, conversion price is: (i) Rp (ii) average share price of the Company for the previous six-month period prior to the first day of the third year, whichever is lower; and (3) in the fourth year, conversion price: (i) Rp (ii) average share price of the Company for the previous six-month period prior to the first day of 4th year; whichever is lower; (4) in the 5th year, conversion price: (i) Rp (ii) average share price of the Company for the previous six-month period prior to the first day of the 5th year; whichever is lower; Bakrie Tower, 12 th Floor Kompleks Rasuna Epicentrum Jl. H.R. Rasuna Said Jakarta Indonesia Tel (62-21) Fax (62-21)

4 Since the Company finally decided to issue MCB in scripless form and then held further discussions with KSEI (Indonesia s Central Securities Depository) in respect of the mechanism of distribution of the Company s MCB in scripless form, KSEI asked the Company to change the denomination from the initial Rp to Rp1 per unit of MCB in order to conform to the currenlty available KSEI system. In order to conform to the above process, the structure of LPO of the Company will be as follows: - Each holder of 100 shares will obtain 78 Series A RIGHTS wherein each 1 Series A Right is entitled to purchase 1 Series B New Share at an Exercise Price of Rp per share or totalling Rp26,627,821,052,243; and - Each holder of 100 shares will obtain 23,089 Series B RIGHTS wherein each 1 Series B RIGHT is entitled to purchase 1 unit of MCB at an Exercise Price of Rp1 at nominal value of Rp1 per unit of MCB or totaling Rp8,457,165,000,000. MCBs will be issued without physical form ( in scripless form ). MCB must be converted into Series B Common Shares (1) at Conversion Price of Rp1,204 in the first year and second year, (2) in the third year, conversion price: (i) Rp (ii) average share price of the Company for the previous six-month period prior to the first day of the third year, whichever is lower; and (3) in the fourth year, conversion price: (i) Rp (ii) average share price of the Company for the previous 6 month-period prior to the first day of 4th year; whichever is lower; (4) in the 5th year, conversion price: (i) Rp (ii) average share price of the Company for the previous six-month period prior to the first day of the 5th year; whichever is lower; The change of issuance of MCB from scrip from into scripless from will result in the structure of MCB in LPO V of the Company being adjusted as follows: Ratio of Series B RIGHTS Exercise Price of Series B RIGHTS into MCB (Nominal Value of MCB) Total units of MCB Total Nominal Value of MCB offered (IDR) Before 100: 25 Rp ,131,477,499 Rp8,457,165,000,000 After 100: Rp 1 8,457,165,000,000 Rp8,457,165,000,000 We hope the above clarifies, and we highly appreciate your kind attention and good cooperation. Sincerely yours, Dileep Srivastava Director & Corporate Secretary

5 Bakrie Tower, 12 th floor Komplek Rasuna Epicentrum Jl. H.R. Rasuna Said Jakarta, INDONESIA Website: Informasi Perusahaan RENCANA PENERBITAAN SAHAM BARU (RIGHTS ISSUE) DAN OWK BUMI INFORMASI TAMBAHAN Jakarta, 12 Mei 2017 Bersama ini diinformasikan bahwa Perseroan telah menyampaikan informasi tambahan kepada Bursa Efek Indonesia (BEI) sehubungan dengan rencana Penerbitan Saham Baru dan Obligasi Wajib Konversi Perseroan. Mohon dapat merujuk surat terlampir, yang telah dimuat Perseroan di situs web Bursa pagi ini. Di bawah ini diberikan gambaran struktur Rights Issue dan OWK Perseroan dalam rangka memberikan pemahaman yang lengkap kepada publik. PERHITUNGAN RIGHTS ISSUE & OWK BUMI GAMBARAN Utang yang Direstrukturisasi IDR/1USD (in IDR) Jumlah Saham Baru IDR/Saham #saham Total Rights Issue $ , OWK $ N/A UNTUK RIGHTS ISSUE Saham Beredar saham Rights Issue saham HMETD 0,785 Saham baru/ 1 saham eksisting HMETD 78 Saham baru/ 100 saham eksisting (per satu lot) HMETD 78 Saham baru/ 100 saham eksisting (per satu lot) Setiap 100 saham eksisting memiliki HMETD untuk membeli 78 saham baru yang diterbitkan melalui rights issue UNTUK OWK Saham Beredar saham OWK yang diterbitkan IDR nilai nominal Harga unit 1,00 IDR/unit OWK Unit OWK unit HMETD Unit OWK/ 1 saham eksisting HMETD Unit OWK/ 100 saham eksisting (per satu lot) Setiap 100 saham eksisting memiliki HMETD untuk membeli unit OWK dengan haraga Rp1 per unit OWK Hal 1 dari 2

6 OWK dapat dikonversi secara terbatas dalam jangka waktu 7 tahun berdasarkan rumus yang disepakati dalam Rencana Perdamaian yang telah disahkan oleh Pengadilan. OWK PANDANGAN PERSEROAN OWK harus dipandang sebagai hak yang ditawarkan oleh Perseroan kepada pemegang saham lama (eksisting) untuk menghindari terjadinya dilusi atas kepemilikan saham mereka. Berdasarkan hal tersebut, Perseroan memberikan hak kepada mereka untuk membeli unit OWK (dengan denominasi Rp1/Unit WOK) untuk setiap 100 saham (1 lot) yang dipegang Dana hasil penerbitan OWK tersebut diharapkan dapat membantu Perseroan melunasi OWK yang belum dilunasi. Tanggal pencatatan hak untuk membeli OWK adalah 26 Mei 17 sehubungan dengan rencana RUPST 16 yang akan diselenggarakan pada tanggal 16 Juni 17. Untuk informasi lebih lanjut, silahkan menghubungi: Dileep Srivastava Direktur dan Sekretaris Perusahaan PT Bumi Resources Tbk. Tel (62-21) Fax (62-21) dileep@bumiresources.com Hal 2 dari 2

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