Neo Commerce Bank Prepares To Be Annexed By Akulaku

Illustrations (Photo: Doc. Bank Neo Commerce)

JAKARTA - PT Bank Neo Commerce Tbk. plans to hold an Extraordinary General Meeting of Shareholders (EGMS) in the near future related to the takeover of the company by PT Akulaku Silver Indonesia.

This is the disclosure of information reported by Bank Neo Commerce to the Indonesia Stock Exchange (IDX) as quoted on Thursday, September 16.

It is stated that the company has an agenda for two topics in the EGMS which is planned to be held on Monday, September 20, 2021, at the Head Office of Bank Neo Commerce, Jakarta.

First, the approval of the takeover of the company by PT Akulaku Silvrr Indonesia resulted in the transfer of control of the bank if the share ownership becomes the largest.

"After the implementation of PMTHMETD III, PT Akulaku Silvrr Indonesia (Akulaku) became the largest shareholder of BBYB (Bank Neo Commerce stock code) and resulted in the transfer of control over BBYB," the announcement said.

Later, Akulaku will hold 24.98 percent of the company's shares, which is the largest portion of Neo Commerce Bank.

It was explained that this action had obtained the approval of the Financial Services Authority (OJK) number SR-16/PB.1/2021 regarding the Plan to Take over the Shares of PT Bank Neo Commerce Tbk by PT Akulaku Silvrr Indonesia.

Second, regarding the approval of the amendment to the company's articles of association in the context of adjustment to the Government Regulation of the Republic of Indonesia No. 8 of 2021 concerning the Company's Authorized Capital.

"The purpose of changing the company's authorized capital is in line with the company's plan to increase the company's paid-in capital in order to comply with the Financial Services Authority regulations regarding the fulfillment of bank minimum capital", said BBYB.

Meanwhile, the shareholders who are entitled to attend or be represented at the EGMS are those whose names are recorded in the register of shareholders of the company on Friday, August 27, 2021, until 16.00 p.m. local time.

Or, continued BBYB, the owner of the company's shares in the securities sub-account in the collective custody of KSEI at the close of stock trading on the Indonesia Stock Exchange on the same day and date, namely Friday, August 27, 2021.

"The government or the competent authority may at any time issue a policy prohibiting the implementation of meetings or prohibiting the company's shareholders from attending directly in the meeting before or on the day of the meeting, which is completely outside the responsibility of the company", concluded Bank Neo Commerce announcement.