PT HM Sampoerna To Issue 7.5% Rights Share In Institutional Placement

(RTTNews) - International tobacco company Philip Morris International Inc. (PMI) Monday said that PT HM Sampoerna Tbk. an indirect subsidiary of Philip Morris International Inc. will issue 7.50 percent of the total paid up capital to public through rights issue. The price range for the potential institutional placement of shares will be RP 65,000 and Rp.77,000 per share. Final pricing for the placement is expected to occur on or about October 1, 2015.

Philip Morris International holds a 98.18 percent interest through PT Philip Morris Indonesia. The rights issue is as per Indonesian Stock Exchange's mandatory requirement.