JAKARTA – PT Darma Henwa Tbk (DEWA) plans to issue 2,185,373,378 shares of IDR 50 each via a private placement, or a capital increase without preemptive rights. This corporate action is planned to be carried out gradually after obtaining approval during the Extraordinary General Shareholders Meeting on June 30, 2022.
In the information disclosure quoted Wednesday (18/5), Muhammad Baskoro, Chief of Legal and Corporate Secretary of DEWA, mentioned that after this capital raise, the company will record an increase of its current ratio to 85.31%, which translates into higher amount of assets to cover its short-term debts. Furthermore, the liability-to-equity ratio will shrink to 105.07%, fixing the company’s capital structure.
Currently, DEWA’s authorised capital clocks up to IDR 6 trillion, comprising 60 billion Series A of 100 each. Its issued and paid-up capital amounts to IDR 2.18 trillion, 17.46% of which belongs to Goldwave Capital (GC) Ltd. Then, 11.50% other goes to Zurich Assets International, leaving the public with the remaining 71.04%. Its stock in portfolio is worth IDR 3.81 trillion.
After the private placement, its authorised capital will comprise Series A of IDR 2.18 trillion and Series B of IDR 3.18 trillion. Its issued and paid-up capital will also rise to IDR 2.29 trillion. GC will own 15.87% of them, followed by Zurich of 10.45%, and the public of 64.58%. It will have new Series B shares of 9.09%, while its Series B shares portfolio will be depleted to IDR 3.70 trillion. (LK/ZH)