JAKARTA, Feb 25, 2016 - (ACN Newswire) - PT HM Sampoerna Tbk (IDX:HMSP), the leading tobacco company in Southeast Asia's largest economy, has again won global recognition for its successful IDR 20,768 trillion (USD 1.5 bil*) rights issuance. Thomson Reuters, the world's leading source of intelligent information, awarded Sampoerna with the 2015 International Financing Review (IFR) Asia Award in the "Indonesia Capital Markets Deal" category.
Sampoerna's Director of Finance, Michael Sandritter, received the award in Hong Kong on behalf of the company. The IFR Asia Awards are part of the Thomson Reuters Awards for Excellence, recognizing corporate and individual success in the global financial industry.
"Pulling off a sizable equity offering in a country where macroeconomic indicators and the currency are both pointing down is no mean feat," said Thomson Reuters in its written remarks on Sampoerna's 269.7 million shares issued.
The Rights Issue, completed in November 2015, was the largest-ever secondary placement in Southeast Asia and also the largest equity offering in Indonesia since 2008. The Rights Issue attracted both domestic and foreign investment, with capital from foreign investors translating into currency inflows into the country, demonstrating confidence in both the Indonesian economy and stock market.
As a result, Sampoerna's market capitalization of IDR 504,238 trillion (USD 37.3 bil) as of February 22, 2016, is currently the largest in Indonesia. In addition, Sampoerna is also the country's largest tax payer.
"The Indonesian company's strong management, the defensive nature of the business and its likely entry into the local benchmark index made the stock a must-have for local and international investors and paved the way for a premium pricing," said Thomson Reuters.
Mr. Sandritter expressed his appreciation for the award. "The award inspires us to work even harder for all of our adult-smokers, business partners and shareholders. Sampoerna's decision to conduct the Rights Issue, and investors' overwhelming positive response to the deal, indicates broad confidence in Indonesia and its long-term prospects," said Mr. Sandritter, a member of Sampoerna's Board of Directors.
In January 2016, Sampoerna also received the 2015 FinanceAsia Achievement Award in the "Best Indonesia Deal" category.
(*At prevailing rates.)
About PT HM Sampoerna Tbk
Established in 1913, PT Hanjaya Mandala Sampoerna Tbk (Sampoerna) - an affiliate of PT Philip Morris Indonesia and part of Philip Morris International Inc - is the leading tobacco company in Indonesia, engaging primarily in the manufacture and trade of clove (kretek) cigarettes. The company had a market share of 35% in 2015, led by its strong brand portfolio including Dji Sam Soe and A Mild in the premium segment and Sampoerna Kretek and U Mild in the medium price segment.
Sampoerna operates seven manufacturing facilities across Java, partners with 38 Third Party Operators in contract manufacturing (TPO), and employs approximately 70,000 people, the majority of whom are involved in the production of Sampoerna's hand-rolled kretek cigarette brands (SKT). The company distributes its products through 106 Area Sales and Distribution Offices throughout Indonesia.
Sampoerna (HMSP:IDX; PHJMF:OTC) is the largest company by market capitalization on the Indonesian Stock Exchange, was Indonesia's largest taxpayer in 2015, with payments to the Government of more than IDR 67 trillion. For more information, please visit www.sampoerna.com.
Source: PT HM Sampoerna Tbk
Contact:
PT HM Sampoerna Tbk
Elvira Lianita
Head of Regulatory Affairs,
International Trade & Communications
Tel +62 21 515 1234
Fax +62 21 515 2234
Email elvira.lianita@sampoerna.com
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