Sampoerna reshuffle directors and commissioners

Bursa

2/3/2011

Irvin Avriano A.

Sampoerna reshuffle directors and commissioners

JAKARTA: PT HM Sampoerna Tbk, a subsidiary of Phillip Morris-producer of Marlboro brand cigarette, intend to change its board of director and commissioner.

The matter was showed on its extraordinary general meeting of shareholders (EGMS) agenda that will held on March 9th in One Pacific Place Building, Jakarta. The changing of management and supervisor was the only agenda that been reported by the stock emitters that been announce in the newspaper.

The company also announce that they already hired two new machine from PT Asia Tembakau that will rent until February 2012. The announcement made by its corporate secretary Maharani Subadhi that published on Indonesia Stock Exchange (IDX/Bursa Efek Indonesia/BEI) information disclosure.

The company that commandeered by Martin Gray King was also announce the corporate action can not be classified as affiliation, material transaction, or contained by conflict of interest due to Bapepam-LK rule No.IX.E.1 and IX.E.2.

The company which shares coded HMSP formerly operates by Sampoerna Family, which commandeered by Putera Sampoerna.

But in the 2005, the founder family surprisingly sold its core and heritage business to Altria Group and then followed by sell the entity to Phillip Morris International on 2009.