Obtained Restu Rights Issue IDR 1.7 Trillion, Neo Commerce Bank Changes Fund Targets That Will Be Raupted

Photo: Doc. Antara

JAKARTA - PT Bank Neo Commerce Tbk (BNC) received an Effective Statement from the Financial Services Authority (OJK) in continuing its corporate action of Capital Increase with Pre-emptive Rights (PMHMETD) or rights issue.

President Director of PT Bank Neo Commerce Tbk Tjandra Gunawan, explained that BNC will issue a maximum of 2,617,133,843 or 2.6 billion new shares.

Each holder of 18 old shares registered in the Register of Shareholders as of November 22, 2022 is entitled to 5 Pre-emptive Rights.

One Preemptive Rights gives the holder the right to buy a new share with an exercise price of IDR 650 per share, so that the amount of funds that will be received by BNC is IDR 1.7 trillion.

"Considering the market conditions and the economy in the last few months, we have decided to change the target of obtaining funds from our rights issue event this time, which initially amounted to Rp5 trillion to Rp1.7 trillion," he said in an official statement, Saturday, November 12.

According to him, this figure is currently considered very sufficient to become fuel for BNC in executing planned milestones in the future.

According to him, the rights issue will increase BBYB's funding capacity for the company's business development so that the company's performance after the corporate action is projected to grow sustainably.

In addition, continued Tjandra, the implementation of the rights issue is a form of the company's commitment to always comply with applicable regulations and laws, including in fulfilling core capital.

"And the target amount of funds obtained by Rp1.7 trillion will be used by the Company to strengthen core capital and as working capital for the development of the Company's Business," he added.

In the published prospectus, BNC Main Shareholders, namely PT Akulaku Silvrr Indonesia, PT Gozco Capital and Rockcore Financial Technology Co. Ltd will carry out their full rights according to their share of ownership.

Several important dates in the BBYB rights issue include the date of listing shares on the Indonesia Stock Exchange (IDX) on November 24, 2022, along with the Preemptive Rights trading period which took place on November 24-30, 2022.

The end of the payment of additional orders on December 2, 2022, with an allotment date on December 5, 2022 and a refund date on December 7, 2022.