Waskita Karya Mau Rights Issue, Shareholders Who Do Not Take Part Will Be Diluted Up To 23.24 Percent

JAKARTA - PT Waskita Karya (Persero) Tbk immediately announced the issuance of new shares (rights issue) after SOE Minister Erick Thohir approved the plan to increase capital. The company will issue 8.72 billion series B shares with a nominal value of Rp100.

Based on the company's announcement in the disclosure of information to the Indonesia Stock Exchange (IDX), Friday, August 19, the plan to increase the capital with the Pre-emptive Rights will be made in cash. The number of series B shares to be issued will be adjusted to the company's funding needs.

In the document, Waskita conveyed that the funds obtained from the results of the PUT III after deducting all costs would be used for the completion of toll road projects, working capital and indirect costs (interest, taxes, and administrative costs) for construction projects and investment in the development of subsidiaries. company.

"If part or all of the proceeds from the Capital Increase with Pre-emptive Rights are used for transactions which are Material Transactions, Affiliated Transactions, and/or Transactions containing Conflicts of Interest according to the prevailing regulations in the capital market sector in Indonesia, the company will comply with the applicable regulations. regarding Material Transactions, Affiliated Transactions, and/or Transactions containing Conflicts of Interest, as relevant," Waskita management wrote.

To ensure the smooth running of this rights issue, Waskita will also hold an extraordinary general meeting of shareholders (EGMS). The plan will take place on September 26, 2022.

As additional information, the shareholders of the company who do not exercise their rights to pre-order securities in the PUT III will be diluted on the maximum percentage of WSKT share ownership of 23.24 percent.