Shareholders Agree, Bank Of India Indonesia Prepares Rights Issue Of 1.65 Billion Shares

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JAKARTA - PT Bank of India Indonesia Tbk (BSWD) has just concluded the company's Extraordinary General Meeting of Shareholders (EGMS) on Wednesday, March 16. In the meeting, shareholders approved the management's plan to issue 1.65 billion new shares with Pre-emptive Rights (HMETD) aka rights issue.

The issuance of shares is carried out to increase the company's capital in order to comply with the provisions of Financial Services Authority Regulation (POJK) Number 12/POJK.03/2020 concerning Commercial Bank Consolidation regarding minimum core capital.

"For certainty, the number of shares and their price will be disclosed in the prospectus for additional capital with Pre-emptive Rights which will be made available to entitled shareholders in accordance with applicable laws and regulations," the management wrote in the company's disclosure of information submitted to the Indonesia Stock Exchange (IDX). , Monday, March 21.

After obtaining the approval of this shareholder, the next management will immediately submit a registration statement to obtain an effective statement from the Financial Services Authority (OJK). In accordance with the provisions, the effective statement must be pocketed by the company no later than 12 months after the approval from the shareholders is given.

"Shareholders also authorize the BSWD directors to take all necessary actions, in connection with the addition of the company's issued paid-up capital with Pre-emptive Rights IV," said management.

Not only approved the issuance of the rights issue, the BSWD EGMS also approved the amendment of Article 4 Paragraph 2 of the company's articles of association, namely increasing the issued and paid-up capital after the rights issue by a maximum of 1.65 billion shares or with a nominal value of Rp. 200 per share. Thus, the maximum value from the issuance of the right issue this time is IDR 330 billion.

"Shareholders also give power and authority to the company's Board of Commissioners to declare the realization of the number of shares issued in PMHMETD IV and determine the certainty of the amount of capital," said the management.