JAKARTA - PT Global Mediacom Tbk (BRTM) will launch a private placement by offloading 1,533,452,128 shares, or 10% of the company's placed and paid-up shares as of December 31, 2019. The company seeks to raise Rp 153.34 billion in the corporate action.
In a stock exchange filing published on Wednesday (24/6), BMTR Corporate Secretary Hery Nugroho said the plan is still awaiting approval from the company's EGM, due to be held on July 30, 2020. "Proceeds from the corporate action will be used to strengthen the company's capital structure," he said.
As of December 31, 2019, BMTR has Rp 5.57 trillion in authorised capital and Rp 1.53 trillion in placed and paid-up capital, with PT MNC Investama Tbk (BHIT) owning a 49.94% stake and public investors owning the remaining 50.06%. Following the private placement, BMTR's placed and paid-up capital will increase to Rp 1.68 trillion with BHIT owning a 45.30% stake and public investors owning 54.70%. (LK/MS)