JAKARTA - PT Elang Mahkota Energi Tbk (EMTK) will issue 5,502,957,342 new shares through a private placement. The plan to issue new shares will be decided at the Extraordinary General Meeting of Shareholders (EGMS) on February 18, 2021.
In an information disclosure quoted on Tuesday (12/1), Titi Maria Rusli, Corporate Secretary of PT Elang Mahkota Energi Tbk (EMTK) said that this plan will be implemented no later than two years after being approved by shareholders. "The proceeds from this corporate action will be used for investment and strengthening working capital for business development," she wrote in an information disclosure.
As of December 31, 2020, EMTK recorded an authorized capital of Rp 2.51 trillion and total issued and paid up capital of Rp 1.12 trillion. After the private placement, the total paid-up and issued capital will increase to Rp 1.23 trillion. (LK/LM)