JAKARTA – PT Putra Rajawali Kencana Tbk (PURA) will issue 577,444,383 shares of IDR 50 each via a private placement. This plan will kick off within at least two years after being finalised in the Extraordinary General Shareholders Meeting tomorrow (27/1).
In the information disclosure quoted Wednesday (26/1), the proceeds from this corporate action are estimated to reach IDR 28.87 billion. The said amount will be utilised to expand the distribution of fertilisers to some regions in Indonesia. Approximately 35% of the private placement proceeds will be allocated to fertiliser distribution in Sumatra, while another 25% is for distribution in Java. Then, the distribution of compressed natural gas (CNG) in Java will take up 10%, followed by the distribution of building materials in Java of 15%. The rest of it will be used to distribute agriculture products in Java.
PURA’s current authorised capital amounts to IDR 700 billion, while its issued and paid-up capital reaches IDR 288.71 billion. The shareholders consist of PT Rajawali Inti (RI), which holds IDR 48.13 billion, followed by PT Rajawali Dwiputra Indonesia (RDI) of IDR 38.48 billion, PT Igelcorp Asia Kapital (IAK) of IDR 23.15 billion, and the public of IDR 178.95 billion. The stock in portfolio still carries IDR 411.27 billion.
After the private placement, PURA’s issued and paid-up capital will rise to IDR 322.88 billion, while the stock in portfolio depletes to IDR 377.11 billion. (LK/ZH)