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Monday, November 21, 2011

Today, VIVA Start Trading Stocks

Shares of Media Vision Asia will be transacted with a VIVA commercial code on the main board.


Today, PT Visi Media Asia Tbk (VIVA) will record IPO (listing) and also start trading its shares on the Indonesia Stock Exchange. Shares of Media Vision Asia will be transacted with a VIVA commercial code on the main board.

Head of the Division of Trading Shares of BEI, Andre PJ Toelle, the bourse said a written explanation, the Indonesia Stock Exchange has approved the registration of securities Media Vision Asia as much as 15.4 billion shares.

These effects consist of founder shares as much as 12.7 billion shares of series A, 1.03 billion shares of series B, and 1.66 billion public offering of shares of series A shares Meanwhile, the number of warrants as much as one billion series I warrants in the ratio 5:3. That is, each holder of five new shares are entitled to three series of warrants I.

Offering price of shares of Rp300 per share, while the series I warrants exercise price of Rp305 per share. Nominal value of shares of Rp100 per share for shares of series A and Rp251, 8 per share for shares of series B.

According to Andre, the company has no plans to publish, remove and / or other listed shares or other securities that are convertible into shares within 12 months after the registration statement declared effective by Bapepam-LK, unless new shares are issued in order to exercise of warrants series I .

Earlier, after holding an initial public offering, shares of Media Vision Asia have excess amount of subscription (oversubscribed) from investors to 50.77 times the number of allotment of shares pooling allocation.

Executive Director of Investment Banking of PT Danatama Makmur, Vicky Ganda Saputra, in a written statement Friday, November 18, 2011, said the process of allocation allotment of shares and warrants have also been held on 17 November 2011, according to a predetermined schedule.

Vicky said, institutional investors dominated the allocation of allotment of shares VIVA with a share of 81.70 percent of the total shares offered in the IPO this time. "While the rest is absorbed by individual investors," he said.

Meanwhile, President Director of VIVA, Erick Thohir, said the prime stock listing on the Indonesia Stock Exchange on Monday, November 21, 2011, will be a milestone in corporate travel. "VIVA is committed to always be in the forefront in promoting the transformation of the media industry in Indonesia," says Erick.

VIVA is an integrated media company engaged in the delivery and provision of content services through a variety of platforms, including television stations FTA (free to air), internet news portals and mobile phones, which focuses on the content of news, sports, and lifestyle.

In this IPO, VIVA can target pocketed a total fund of Rp805 billion. Amounting to Rp500 billion sale of shares acquired during prime, while the rest comes from the exercise of warrants which will begin a six-month implementation period of the listing of shares VIVA.

source:vivanews

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