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Bakrie Kalila Investment to join ENRG’s rights issue

24 June 2021 10:41

JAKARTA – PT Bakrie Kalila Investment (BKI) announces its commitment as the standby buyer in the third phase of PT Energi Mega Perkasa Tbk’s (ENRG) rights issue to be held next week (4-16/7).

As quoted from the information disclosure published on Thursday (24/6), the management aims to secure IDR 1.82 trillion, equal to USD 125.19 million, through this corporate action. The total shares to be offered amount to 14,479,050,978 units with the price of IDR 126 per share. Then, IDR 633.88 billion of the gathered funds would be used to raise its stakes in Energi Mega Prama Inc. to 75% from 50%. Another IDR 98.18 billion would be spent on covering the debt to Golden Glades Ltd. It would channel IDR 483.63 billion to install payment for its subsidiary’s loans in Pacific Sun Special Situations Fund B Ltd and IDR 64.26 billion to install payment for another subsidiary’s loans in Stallion Investment Pte Ltd. The remaining would be stored as working capital.

ENRG’s total authorised capital, comprising Series A and B, now reaches 153,031,564,210 units, while its issued and paid-up capital amounts to 10,342,179,272 shares. Its ownership structure consists of PT Valbury Sekuritas Indonesia (VSI) 13.54%, Greenwich International (GI) Ltd 9.67%, Reignwood Intern Investment (GR) Co Ltd 8.69%, PT Eternal Capital (EC)  7.39%, the public (below 5%) 60.72%, and treasury stock 0,00%.

After the rights issue, the issued and paid-up capital grows to 24,821,230,250 shares. By calculating BKI’s participation as a standby buyer, the structure would change to VIS 5.64%, GI 4.03%, GR 3.62%, EC 3.08%, the public (below 5%) 25.30%, treasury stock 0.00%, and BKI 58.33%. (LK/ZH)

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