JAKARTA - PT Bank IBK Indonesia Tbk (AGRS) will issue 7.7 billion new shares in the second phase of its rights issue with a nominal value of Rp 100 per share. The plan will be decided at the company's Extraordinary General Meeting of Shareholders (EGMS) on 20 December 2019.
As quoted from the company disclosure, AGRS plans to carry out the corporate action in early 2020 or no later than 12 months after the EGMS. Shareholders who choose not to participate in the rights issue will have their ownership diluted by 52%.
Funds from the rights issue will be used to strengthen the company's capital. (LK/AR)