JAKARTA – PT Asuransi Jiwa Sequis Life, one of the public shareholders, announces its commitment to participate in the ninth rights issue of PT Bank Permata Tbk (BNLI).
In the information disclosure, quoted Friday (2/7), Sequis Life states its fund adequacy, taking its internal cash of December 2020 to be channelled into the said corporate action. After injecting the fund, this insurance company would not list its shares in Indonesia Stock Exchange (IDX) as a way to support Bank Permata in following the government’s terms regarding public banks’ stock purchase.
Bank Permata organises a rights issue of 8,138,620,315 shares with an execution price of IDR 1,347 each. Thus, for every 400 thousand units, the buyer would gain 116,089 rights issue shares. These shares’ value would clock up to IDR 10.96 trillion.
Bangkok Bank Public Co Ltd, the owner of 98.7115% of BNLI’s shares, had brought in IDR 10.82 trillion on December 21, 2020, as the paid-up and additional tier 1 capital for Bank Permata’s core capital. The remaining funds collected from the public investors reach IDR 141.23 billion. Then, the old stockholders abstaining from purchasing new shares could release their rights, starting on July 14 to 21, 2021.
As of December 2019, Bank Permata’s assets were recorded at IDR 161.45 trillion. It then increased to IDR 192.72 trillion in December 2020. Its liability also grew from IDR 137.41 trillion to IDR 162.65 trillion, as did its equity, from IDR 24.03 trillion to IDR 35.07 trillion. (LK/ZH)