ID :
77448
Fri, 08/28/2009 - 21:22
Auther :
Shortlink :
https://www.oananews.org//node/77448
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PT INCO SELLS 2.07 PCT OF ITS SHARES
Jakarta, Aug 28 (ANTARA) - PT International Nickel Indonesia (PT Inco) said it had sold 205,680,000 shares or about 2.07 percent of its outstanding shares, the company's corporate secretary said.
"The sales were conducted through a book building process," Indra Ginting, director of investor relations & corporate secretary of Inco, said in a media dispatch here on Friday.
He said that Vale Inco Limited, a wholly-owned subsidiary of Vale S.A. (VALE) and the main shareholder of the Company, sold 205,680,000 shares of PT Inco, representing 2.07 percent of the Company's outstanding shares.
Ginting said that after the transaction, the composition of common share major ownership was 58.73 pct owned by Vale Inco Limited, 20.09 pct by Sumitomo Metal Mining Co., Ltd. and 21.18 pct by the public and other shareholders.
He said that the company's shareholders at its Friday's extraordinary General Meeting of Shareholders, approved the proposed amendments to its Articles of Association.
The amendments were made to further conform to provisions of Bapepam and LK's Regulation No. IX.J.1 regarding the principles of articles of association of a company that has made a public offer of equity securities and public companies.
The shareholders also approved the acceptance of Marco Pires' resignation and the appointment of Mark J. Travers as a member of the Board of Commissioners as Pires' successor. ***2***
"The sales were conducted through a book building process," Indra Ginting, director of investor relations & corporate secretary of Inco, said in a media dispatch here on Friday.
He said that Vale Inco Limited, a wholly-owned subsidiary of Vale S.A. (VALE) and the main shareholder of the Company, sold 205,680,000 shares of PT Inco, representing 2.07 percent of the Company's outstanding shares.
Ginting said that after the transaction, the composition of common share major ownership was 58.73 pct owned by Vale Inco Limited, 20.09 pct by Sumitomo Metal Mining Co., Ltd. and 21.18 pct by the public and other shareholders.
He said that the company's shareholders at its Friday's extraordinary General Meeting of Shareholders, approved the proposed amendments to its Articles of Association.
The amendments were made to further conform to provisions of Bapepam and LK's Regulation No. IX.J.1 regarding the principles of articles of association of a company that has made a public offer of equity securities and public companies.
The shareholders also approved the acceptance of Marco Pires' resignation and the appointment of Mark J. Travers as a member of the Board of Commissioners as Pires' successor. ***2***
