PT HM Sampoerna Tbk.to Explore Options for Complying with Public Shareholding Requirement

Source from:  Philip Morris International 06/29/2015

Philip Morris International Inc.today announced that its subsidiary, PT HM Sampoerna Tbk., in which it holds a 98.18% interest, will explore options to comply with the Indonesian Stock Exchange's mandatory requirement of a minimum threshold for public shareholding.

On January 30, 2014, IDX introduced a regulation requiring all listed public companies to have at least 7.5% of their total paid up capital owned by the public by January 30, 2016.

Sampoerna has engaged investment banks to assist with the evaluation of various strategic options to fulfill this requirement. These include potential capital market transactions. Enditem