Government Regulation Number 3 Of 2011

Original Language Title: Peraturan Pemerintah Nomor 3 Tahun 2011

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c4e3f0c7fe0ba93313231323437.html

PP 3-2011 fnHeader (); The text is not in the original format.
Back COUNTRY SHEET Republic of INDONESIA No. 4, 2011 GOVERNMENT REGULATION of the REPUBLIC of INDONESIA number 3 in 2011 ABOUT the CHANGE of the STRUCTURE of STOCK OWNERSHIP of STATE through the ISSUANCE of NEW SHARES in the COMPANY, PT (PERSERO) GARUDA INDONESIA AIRLINES with the GRACE of GOD ALMIGHTY the PRESIDENT of the Republic of INDONESIA, Considering: a. that to enhance the performance and value of the company's Company, PT (Persero) Garuda Indonesia Airlines, have to do with the company's corporate restructuring PT (Persero) Garuda Indonesia Airlines by way of converting debt Company (Persero) PT Garuda Indonesia airline Company to company (Persero) PT Angkasa Pura I, corporate Company, PT (Persero) Angkasa Pura II, and the company the company (Persero) PT Bank Mandiri Tbk through issuance of new shares;
b. that the restructuring referred to in letter a has been preceded by the decision of the general meeting of shareholders of the company Outstanding Company of PT (Persero) Garuda Indonesia Airlines Number RIS-33/D3. MBU/2006 November 1, 2006 approved the expenditure of new shares in the framework of Mandatory Convertible Bond conversion Company (Persero) PT Angkasa Pura I, corporate Company, PT (Persero) Angkasa Pura II, and the decisions of the shareholders Outside the company's general meeting of shareholders of the company (Persero) PT Garuda Indonesia Airlines Number 01/00/12/2009/001, BS. 477/HK. 09/2009-DU, KEP-259/MBU/2009 dated December 28, 2009 , which approves spending new shares within the framework of Mandatory Convertible Bond conversion Company (Persero) PT Bank Mandiri Tbk;
c. that based on considerations as referred to in letter a and letter b, as well as to implement the provisions of article 4 paragraph (4) of Act No. 19 of 2003 about State-owned enterprises, the need to establish government regulation about the change of the structure of stock ownership of State Through the issuance of new shares in the Company, PT (Persero) Garuda Indonesia Airlines;
Remember: 1. Article 5 paragraph (2) of the Constitution of the Republic of Indonesia in 1945;
2. Act No. 19 of 2003 about State-owned enterprises (State Gazette of the Republic of Indonesia number 70 in 2003, an additional Sheet of the Republic of Indonesia Number 4297);
3. Government Regulation Number 44 in 2005 about The inclusion and the administering State Capital in State-owned enterprises and limited liability company (State Gazette of the Republic of Indonesia Number 116 of 2005, additional State Gazette of Republic of Indonesia Number 4555);
Decide: define: GOVERNMENT REGULATION of the STOCK OWNERSHIP STRUCTURE of STATE CHANGES through the ISSUANCE of NEW SHARES in the COMPANY, PT (PERSERO) GARUDA INDONESIA AIRLINES.
Article 1 (1) in the framework of restructuring the company, PT (Persero) Garuda Indonesia Airline established by the Government Regulation Number 67 in 1971 about the transfer of State enterprises Form (PN) Nexus air "Garuda Indonesian Airways" became the company's Company (Persero) Corporate capital increase carried out by the company, PT (Persero) Garuda Indonesia Airlines by way of issuing new shares as the conversion of Mandatory Convertible Bonds. (2) the issuance of new shares as referred to in subsection (1) include the following: a. Rp RP 124.248.000.000 (one hundred and twenty four billion two hundred forty eight million rupiah) with nominal value Rp 1,000,000 shares per sheet b (one million rupiah) to Liability of PT (Persero) Angkasa Pura I;
b. Rp RP 201.817.000.000 (two hundred one billion eight hundred and seventeen million dollars) with nominal value Rp 1,000,000 shares per sheet b (one million rupiah) to Liability of PT (Persero) Angkasa Pura II; and c. Rp 967.869.000.000 RP (nine hundred sixty-seven billion nine hundred and sixty eight million rupiah) with nominal value Rp 1,000,000 shares per sheet b (one million dollars) to the company by the company (Persero) PT Bank Mandiri Tbk.
Article 2 the issuance of new shares as stipulated in article 1 paragraph (2) result in a change of the structure of stock ownership of State originally of 100% (one hundred percent) to 85.81% (eighty-five comma eight one percent) of all shares that are placed and deposited at the company's Company, PT (Persero) Garuda Indonesia Airlines.

Article 3 this Regulation comes into force on the date of promulgation.

In order to make everyone aware of it, ordered the enactment of this Regulation with its placement in the State Gazette of the Republic of Indonesia.

Established in Jakarta on January 11, 2011, the PRESIDENT of the REPUBLIC of INDONESIA Dr. h. SUSILO BAMBANG YUDHOYONO Enacted in Jakarta on January 11, 2011 MINISTER of LAW and HUMAN RIGHTS Republic of INDONESIA, PATRIALIS AKBAR fnFooter ();