JAKARTA - PT BPD Bank Jatim Tbk (BJTM) issued 11,754,800 shares in the private placement program for the Employee Stock Option Plan (MESOP) window exercise I 2020.
As quoted from the disclosure of company information on Wednesday (3/18), the MESOP program was followed by directors, division leaders, subdivision leaders and branch leaders from 3 February to 16 March 2020. This corporate action was followed by management through MESOP stages II and III, where fresh funds collected amounted to Rp 7.06 billion.
In the second phase of MESOP 2,693,500 shares were issued with an exercise price of Rp 409 per share. The total funds obtained amounted to Rp 1.10 billion. While MESOP phase III was issued as many as 9,963,600 shares with an exercise price of Rp 599 per share. The total funds collected amounted to Rp 5.96 billion.
As cited of the results of the 2014 Annual General Meeting of Shareholders (AGMS), the number of MESOP option rights was 105,915,000 shares. Where these shares were issued in three stages each of 31,774,500 shares except for phase III of 42,366,000 shares. (LK)