JAKARTA. PT Citra Marga Nusaphala Persada Tbk (CMNP) will conduct rights issue by issuing 33.33% of the company's total outstanding shares, to finance the construction of four toll road sections.
Based on the company's prospectus, the maximum number of shares issued in the rights issue is 1,810,415,972, with a nominal value of Rp 500 per share.
Along with the rights issue, CMNP will also issue 1,810,415,972 Series I Warrants, or 25% of the total issued and paid-up shares for the Limited Public Offering (PUT) II. This warrant is given free of charge as an incentive for shareholders whose names are registered on the allotment date.
Each holder of 2 old shares whose name is registered in the company's DPS (list of shareholders) on 9 October 2020 at 16.00 WIB is entitled to 1 new share with the exercise price is Rp 700- Rp 800 / share.
The proceeds from the rights issue will be used to finance the construction of four toll roads sections, Ir. Wiyoto-Wiyono, MSc (8.95 km); Antasari - Salabenda (28 km); Cileunyi - Sumedang - Dawuan (62 km), and Soreang - Pasir Koja (8.15 km). (AM/AR)