BUMI - PT. Bumi Resources Tbk

Rp 65

+1 (+2,00%)

JAKARTA. PT Bumi Resources Tbk (BUMI) will conduct a capital raise without offering preemptive rights, also known as a private placement, fixing the price at IDR 73 per share.

Based on the information disclosure in Indonesia Stock Exchange yesterday (10/2), the said price was the price of mandatory convertibles, which was applied to the conversion rights of the sad convertibles.

The private placement is scheduled for February 17, 2022, while the result of the private placement will be published on February 21, 2022. All new shares issued in this private placement will be transferred to the holders of mandatory convertibles following the convertible conversion rights. (AM/ZH)