EGMS Of Bank Nobu Owned By Conglomerate Mochtar Riady Approves Rights Issue Of 500 Million New Shares

JAKARTA - The Extraordinary General Meeting of Shareholders (EGMS) of PT Bank Nationalnobu Tbk (NOBU) was held on Friday last week, September 24, 2021. In the meeting, the company approved the plan to conduct a limited public offering in order to increase capital by granting the right to order first effect (PMHMETD).

In Bank Nobu's information disclosure on the Indonesia Stock Exchange (IDX) website, quoted on Wednesday, September 29, the approval includes the approval of amendments to Article 4 paragraph 2 of the company's articles of association in relation to increasing the issued and paid-up capital of the company, by issuing new shares in the context of PMHMETD, for a total a maximum of 500 million new shares with a nominal value of IDR 100 per share.

The use of the PMHMETD proceeds will be used by the banking company owned by the Mochtar Riady conglomerate to buy assets in the form of all Building A of Pelita Harapan University on Jl. MH Thamrin No. 1 Lippo Karawaci, Tangerang, Banten with a value of IDR 132 billion, part of the space in Gajah Mada Tower Building Floors G, 1 and 2 on Jl. Gajah Mada No. 25-26, North Petojo, Gambir, Central Jakarta with a value of IDR 61 billion, and the rest will be used for the company's working capital.

After that, the approval of the Inbreng plan in relation to the PMHMETD if there are remaining shares that are not taken up by the Preemptive Rightsholder, then the remaining shares will be taken by PT Grahaputra Mandirikharisma in its capacity as standby buyer.

The EGMS also approved the granting of power and authority to the company's directors with substitution rights to carry out all necessary actions related to the PMHMETD.

As well as granting authority to the Board of Commissioners of the Company to declare the realization of the number of shares that have been issued in connection with the increase in issued and paid-up capital after the addition of capital by granting Pre-emptive Rights has been completed, including restating the composition of shareholders above 5 percent after the PMHMETD.

Finally, sign, print, issue, and/or submit the necessary documents in connection with the realization of the number of shares that have been issued above in accordance with the applicable legal provisions.