JAKARTA - PT MNC Vision Networks Tbk (IPTV) is eyeing fresh funds up to IDR 857.19 billion through the issuance of 2.86 billion new shares by the end of this year.
All of these new shares will be issued through Capital Increase Without Pre-emptive Rights (PMTHMETD) program or private placement. The nominal value of each new share to be issued is IDR 100 per share, with an exercise price of IDR 300 per share.
Muharzi Hasril, Corporate Secretary of IPTV, said that this corporate action has received approval from shareholders. "The company has received approval for the issuance of new shares related with PMHMETD in EGMS on August 7, 2020 and September 23, 2020," said Hasril through an information disclosure on Indonesia Stock Exchange.
The private placement will be held on December 30, 2020. Meanwhile, the results will be announced on January 5, 2021. (KR/VA)