Investor Presentaiton
Summary merger terms
■ The merger proposal recommended to SCMA and IDKM
shareholders is that each 1 IDKM share shall be swapped into 0.481
SCMA shares
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The ratio is based on the independent appraised values of Rp. 2,171 per
share for SCMA and Rp 1,044 per share for IDKM
Based on the closing price of Rp. 2,250 for SCMA on 18 February 2013 the
implied price for IDKM is Rp. 1,082 per share, which represents a premium
of 9.3% for IDKM shareholders relative to the closing price of Rp. 990 per
share
PT Surya Citra Media Tbk shall be the remaining listed company
post merger
Existing SCMA and IDKM shareholders will own 67% and 33% of the
merged entity respectively
SCMA and IDKM management expect that the merger can be
completed on a tax neutral book value basis
MSCTV
INDOSIARView entire presentation