WINS to obtain additional capital of IDR 30 billion via private placement
JAKARTA – PT Wintermar Offshore Marine Tbk (WINS) would gain additional funds worth a maximum IDR 30 billion from its private placement of 250 million units of shares on May 20, 2021. The said corporate action has gained approval during the Annual General Shareholders Meeting on May 21, 2019.
In the information disclosure quoted on Tuesday (18/5), Sugiman Layanto, the President Director of Wintermar Offshore Marine, admitted that the collected funds would be utilised to finance the business development plan. “The execution price of this shares’ issuance would be IDR 120 per unit,” Layanto continued.
As mentioned before, the Annual General Shareholders Meeting of WINS on May 17, 2017, has allowed the private placement of 423 million shares. The 23 million is a part of the management-employee stock option programme (MESOP). On February 14, 2018, PT Wintermarjaya Lestari (WL) had purchased 200 million of them, or 50% of the entire issued shares in that plan.
On May 21, 2019, the Annual Shareholders Meeting offered the rest of the stock that the investors had not taken over, calling for an extended private placement period until May 21, 2021. The parties involved in this initiative would come from affiliated investors. Should the plan go smoothly, the total stock issued by WINS would reach 4,661,011,640 units from the previous 4,238,011,640 shares. (LK/ZH)