JAKARTA – Innovate Capital Pte Ltd is now listed as the holder of 6,074,374,643 shares of PT Bumi Resources Tbk (BUMI) following the completion of the mandatory convertible bonds agenda.
Dileep Srivastava, Corporate Secretary of Bumi Resources, said that the execution price set for said corporate action was IDR 80 per share, totalling IDR 485,94 billion. “The series C shares are indeed issued by the company with an intention to fulfil the conversion demands from the bondholders,” he confirmed in the information disclosure quoted Tuesday (12/7).
Prior to this corporate action, the company’s issued and paid-up capital was in the amount of 128,859,473,085 shares, which comprised series A shares of 20,773,400,000 units, series B shares of 53,501,346,007 units, and series C shares of 54,584,727,078 units.
After this corporate action, the company’s issued and paid-up capital rises to 134,933,847,727 shares, consisting of 20,773,400,000 units of series A shares, 53,501,346,007 units of series B shares, and 60,659,101,720 units of series C shares.
It has been mentioned that this arrangement was made in regard to the debt-to-equity swap agenda, converting BUMI’s debt to Innovate Capital of IDR 1.01 trillion to shares worth IDR 76.59 per series C share. (LK/ZH)