JAKARTA. PT Bank IBK Indonesia Tbk (AGRS) will raise fresh funds of IDR 1.2 trillion through the Public Limited Offering IV of 10.93 billion new shares with preemptive rights, also known as rights issue.
Each new share of AGRS to be issued in this rights issue IV is worth IDR 100 and will be offered for IDR 110 each. The holder of 499 old shares is eligible to earn one preemptive right, which can be traded for one new share.
Industrial Bank of Korea (IBK), as the ultimate shareholder of AGRS, with an ownership percentage of 91.34%, has declared its readiness to purchase new shares offered in the rights issue. The total funds that IBK has prepared to invest in this rights issue amount to IDR 999.99 billion.
For the record, the new shares issued by AGRS in this corporate action is equal to 38.22% of its paid-up capital. All funds collected by the company in this rights issue will be used to boost its core capital.
Based on idnfinancials.com data, AGRS had obtained approval from the Extraordinary General Shareholders Meeting in February 2022 regarding this capital increase. The recording date of this rights issue is set to July 12, 2022, followed by the recording on Indonesia Stock Exchange (IDX) two days later on July 14, 2022. (KR/ZH)