JAKARTA. PT Bank Bumi Arta Tbk (BNBA) is known to have set a fixed execution price for its rights issue of IDR 1,345 per share. By issuing 462 million shares, BNBA would potentially gain IDR 621.39 billion of fresh funds.
Out of the said amount, 80% would be allocated to credit distribution, while the other 20% would be channelled to digital banking development. This plan was laid out in the information disclosure in Indonesia Stock Exchange by the management of Bank Bumi Arta.
The issued shares in this corporate action would equal 16.67% of the total issued and paid-up capital. These shares have a face value of IDR 100 each. The ones eligible for preemptive rights are those who are officially listed as shareholders by December 13, 2021, at 4 PM WIB. For the record, the ratio of this rights issue is 5:1.
The cum date in the regular and negotiation market would fall on December 9, 2021, and December 13, 2021, for the cash market. The rights trading and exercise period would span from December 15 to 21, 2021, while the distribution of the shares would take place from December 17 to 23, 2021. Furthermore, the allotment of additional shares would be on December 24, 2021, followed by its distribution on December 27, 2021. (AM/ZH)