PZZA - PT. Sarimelati Kencana Tbk

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JAKARTA – PT Sarimelati Kencana Tbk (PZZA) seeks additional funds through a private placement in the form of a management employee stock option program (MESOP) phase II and III next week (23/5-6/7). The number of MESOP shares eligible to be converted amounts to 21,153,125 units from the entire convertible shares of 30,218,750 units.

Kurniadi Sulistyomo, Corporate Secretary of Sarimelati Kencana, specified that the convertible MESOP shares in the phase II amount to 9,065,635 units, while the phase III will carry 12,087,500 shares. “The MESOP plan had been approved during the Annual General Shareholdrs Meeting on March 9, 2018,” he confirmed in the information disclosure quoted Wednesday (18/5).

The price set for this upcoming MESOP is IDR 1,112 per share. By multiplying the said price with the number of convertible MESOP shares, PZZA will potentially end up with extra IDR 23.52 billion worth of capital.

The current authorised capital of the company clocks up to 3,021,875,000 units of IDR 100 per share or IDR 302.18 billion. The issued and paid-up capital also amounts to 1,957,933,250 shares worth IDR 195.79 billion in total, 64.79% of which belongs to PT Sriboga Raturaya (SR).

After this corporate action, the authorised capital is projected to rise to 3,052,093,750 shares worth IDR 305.20 billion. SR’s ownership portion will be depleted to 64.15% or IDR 195.79 billion. Meanwhile, the stock in its portolio amounts to 5,978,125,000 shares. (LK/ZH)