Although The Rights Issue Excess Demand Up To 15 Times, Neo Commerce Bank Still Gets An Additional Capital Of IDR 1.7 Trillion

JAKARTA - The addition of capital with Pre-emptive Rights (PMHMETD) VI or the rights issue of PT Bank Neo Commerce Tbk (BNC) has experienced excess demand (oversubscribed). The amount reached 15 times from the remaining shares that had not been implemented.

Head of Corporate Secretary of BNC Agnes F. Triliana revealed that this oversubscribed is the third time in a row after the implementation of PMHMETD IV in June 2021 and PMHMETD V in December 2021.

The number of shares offered in the BNC rights issue this time was 2.62 billion new shares, with an exercise price of IDR 650 per share.

Thus, the amount of funds received by BNC from the rights issue results amounted to IDR 1.7 trillion, this achievement makes BNC's core capital already exceed IDR 3 trillion and BNC has met the minimum Core Capital provisions set by the Financial Services Authority.

During the Preemptive Rights trading period which took place on November 24-30, 2022, as well as the end booking period for additional shares on November 30, 2022, it was recorded that the implementation of Preemptive Rights was completely absorbed and there was an excess of additional orders reaching 1.16 billion shares or equivalent to Rp756 billion.

The BNC's weights issue has again experienced oversubscribed, or demand is more than the number of shares we offer. The high interest of this investor, both old and new investors, shows that the public is increasingly confident in the positive performance shown by BNC and further strengthens BNC's position as one of the leading digital banks in Indonesia," he said in an official statement, Thursday, December 8.

All funds obtained from PMHMETD VI will be used by the company to strengthen core capital and as working capital for the company's business development.

The proportion of BNC's share ownership after the implementation of PMHMETD VI was Akulaku Silvrr Indonesia at 25.66 percent, Gozco Capital at 12.4 percent, and Rockcore Financial at 6.12 percent.

Agnes added that the rights issue that BNC had just carried out went smoothly and received great enthusiasm from the market.

"This good momentum will further spur us to provide a pleasant, innovative, and safe neo experience of digital banking that is able to answer various problems faced by the community," he concluded.