Secondary Placement in PWON

CLSA is a Joint Bookrunner in the Secondary Placement in Pakuwon Jati Tbk PT (PWON IJ) at least US$45m.
Stock Code: PWON IJ
Offer Type: Secondary Placement
Price Range: IDR 385 – IDR 395, representing a 6.0% to 8.3% discount to close of IDR 420 on 20 May 2013
Structure of Offering: Base deal of 1.15 billion shares, with an upsize option available, representing at least 2.4% of the issued capital
Vendor of Shares: BSL Investments Inc.
Lock up: 90 days on Vendor
Selling Restrictions: Reg S, 144A, no sale into Canada
Fees & Charges: 0.50% brokerage plus normal market charges
Books open: Now
Books Close: TBC
Trade Date: 21 May 2013
Settlement Date: 24 May 2013

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