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ARII eyes IDR 75 billion in a private placement

08 September 2022 13:13

JAKARTA – PT Atlas Resources Tbk (ARII) will offer 300 million units of shares in a private placement for IDR 250 each. This corporate action is scheduled to take place two weeks from now (22/9).

In the information disclosure quoted Thursday (8/9), ARII is said to aim for fresh funds of IDR 75 billion in this corporate action. The proceeds will be utilised as working capital, especially covering operating expenses.

After this private placement, ARII’s shares will increase from 3,131,000,000 units to 3,421,000,000 shares. The unexercised shares amount to 300 million units.

The shareholders had agreed upon said plan during the Extraordinary General Shareholders Meeting held on July 19, 2022. (LK/ZH)

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