Matahari Department Store have 15 Investor Overseas

 

Indobusiness - PT Matahari Department Store Tbk (LPPF) finally disclose information on the acquisition of 40 percent shares owned by PT Multipolar Tbk (MLPL) and Asia Color Company Limited (ACC). LPPF managed to hook the 222 investors in the offering at a price of Rp 10,850 per stock.

LPPF convey info about the private placement that the disclosure of information to the market authority today (03/25/2013). By doing so, IDX also revoke suspension LPPF shares since the beginning of last trading session II.

LPPF revealed, a number of shares worth Rp 4.2 trillion will be purchased by 15 cornerstone investors or leading institutional investors. They include PT Schroeders Indonesia, Capital Group, Fidelity and Blackrock. So, LPPF allocate the remaining Rp 10.2 trillion, the other investors participating in the bookbuilding period. "Of all the investors participating, there is no affiliation between the company and its investors," said LPPF.

Composition of Shares

Before the sale of shares held, the ACC won 73.25 percent of the shares or 2137 shares LPPF million. MLPL has a 24.9 percent stake or 726.56 million shares. While the public has a 1.85 percent stake. Now, after the sale, the ACC will have a 37.7 percent stake and MLPL 20.5 percent stake. Moderate shares outstanding in the community, including new shareholders would reach 41.8 percent of the shares soared LPPF.

After the sale is completed, UBS Securities Indonesia will facilitate stabilization or LPPF stock trading in the market.

So later when the stock price in the market going well, then UBS AG Singapore branch will be run over-allotment option to allow stabilization of prices. ACC will release additional shares 6 percent of the total shares offered. If that is done, the ownership of ACC in LPPF decreased again to 31.7 percent. While public share increased to 47.85 percent.