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Bank Permata to conduct a rights issue of 22.49% of its paid-up capital

05 July 2021 06:36

JAKARTA. PT Bank Permata Tbk (BNLI) is arranging its Rights Issue IX of a maximum of 8,138,620,315 units of new shares worth IDR 125 each. It is equal to 22.49% of BNLI’s issued and paid-up capital.

Last weekend, Bank Permata explained that for every 400,000 old shares, the owner gains 116,098 preemptive rights. One preemptive right allows the owner to purchase one new unit of shares for IDR 1,347. Thus, using these terms, Bank Permata would be able to collect a maximum of IDR 10.96 trillion.

The stockholders choosing not to use their rights in this corporate action would have their shares diluted by 22.49% at most. The offering with preemptive rights would begin on July 14, 2021, and end on July 21, 2021.

Bangkok Bank Public Co Ltd, the major stock controller of BNLI (98.71%), announces its commitment to exercising its entire preemptive rights. Therefore, on December 21, 2021, Bangkok Bank would have deposited IDR 10.82 trillion as the company’s paid-up capital. The directors conveyed this information through an official statement on Sunday (4/7).

The funds gathered from this ninth rights issue, after covering the costs, would be channelled to solidify the company’s capital structure. It would also be directed to the company’s working capital to finance the credit increment and other productive assets to improve the business. (AM/ZH)

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