General Announcement::PT Astra International Tbk – Completion of Affiliated Party Transaction
Issuer & Securities
JARDINE CYCLE & CARRIAGE LIMITED
JARDINE CYCLE & CARRIAGE LTD - SG1B51001017 - C07
Date &Time of Broadcast
Announcement Sub Title
PT Astra International Tbk ? Completion of Affiliated Party Transaction
Submitted By (Co./ Ind. Name)
Ho Yeng Tat
Group Company Secretary
Description (Please provide a detailed description of the event in the box below)
We attach for information the English translation of the notification dated 11th April 2014 by our 50.1% subsidiary, PT Astra International Tbk ("Astra") to the Financial Services Authority ("OJK") relating to the conditional Share Subscription Agreement dated 21st June 2013, entered into by Astra, PT Garda Era Sedaya ("GES"), PT Sedaya Multi Investama ("SMI"), PT Astra Sedaya Finance ("ASF"), and PT Bank Permata Tbk ("Bank Permata"), for the issuance of 237,609,989 new shares by ASF to Bank Permata ("ASF New Shares"). Further information on the transaction can be found in the attached Disclosure of Information issued on 11th April 2014.
ASF, Bank Permata, GES and SMI are companies affiliated to Astra. ASF is a financing company in which 100% of its shares were owned by Astra directly and indirectly through GES and SMI, whereas GES and SMI are companies in which 100% of its shares (directly and indirectly) are owned by Astra. Bank Permata is a full service bank in which 44.56% of its shares are owned by Astra.
The transaction has been completed on 8th April 2014 and the shareholding composition in ASF has changed to as follows: Bank Permata (24.999%) and Astra (75.001%).
Total size =824K