JAKARTA – PT Wintermar Offshore Marine Tbk (WINS) would issue 415 million shares of IDR 100 each via private placement. This plan would be further discussed during the General Shareholders Meeting on August 19, 2021.
In the information disclosure, quoted Wednesday (14/7), the issued stock would be divided into two batches. There would be 400 million shares to be offered to investors, each owning less than 5%, while another 15 million shares are intended for management and employees through the Management Employee Stock Option (MESOP) programme. The issuance of the 400 million ones would take place at least two years after the meeting’s approval, while the MESOP would occur within five years, at least.
WINS’s current authorised capital is at IDR 1.42 trillion, its issued and paid-up capital is at IDR 433.31 billion, while the stock in portfolio reaches IDR 988.68 billion. PT Wintermarjaya Lestari (WL) owns 34.269%, Muriani 5.971%, boards of commissaries and directors 14.96%, and the public 44.711%.
After this corporate action takes place, WINS’s issued and paid-up capital would slightly increase to IDR 474.81 billion, while its stock in portfolio is reduced to IDR 947.18 billion. WL would still own WINS by 31.274%, Muriani 5.449%, boards of commissaries and directors 13.7%, management and employees 0.316%, specific investors 8.424%, and the public 49.856%.
The management plans to utilise the proceeds to enhance its capital structure, improve working capital, and raise the cash to expand the business. (LK/ZH)