JAKARTA - A coal company owned by the Bakrie family, PT Bumi Resources Tbk. (BUMI) has implemented Capital Increase Without Pre-emptive Rights (PMTHMETD) and released 34.49 billion new shares. The private placement is done in the context of mandatory convertible bonds (OWK).
Previously, BUMI mentioned that it had conducted PMTHMETD in order to improve its financial position. This coal mining issuer launched new shares with a par value of IDR 50 per share and an exercise price for PMTHMETD of IDR 73 per share.
"This price is the conversion price for Mandatory Convertible Bonds [OWK] that applies to the exercise of the conversion rights of the OWK," BUMI's management wrote in an information disclosure, quoted on Wednesday, February 23.
As for the parties who took part in the PMTHMETD, the details were on behalf of Nuzul Fajri Muhammad Nur with a total conversion rate of IDR 5.68 million or 77,944 shares of OWK, Ita Haryavita worth IDR 6.5 million, or 89,041 shares.
Furthermore, on behalf of Ronald Ferry Pangaribuan with a total conversion rate of IDR 90 million or 1,232,877 shares, the largest was from the company Innovate Capital Pte. Ltd. worth IDR 2.51 trillion or 34,496,648,183 shares.
VOIR éGALEMENT:
The total implementation of the conversion of OWK reached a value of IDR 2,518,357,507,312 with a total number of 34,498,048,045 shares or 34.49 billion Series C shares.
After the implementation of this PMTHMETD, the total issued and paid-up capital of Bumi Resources will increase from 74,274,746,007 shares which are divided into 20.77 billion Series A shares and 53.50 Series B shares, to 108.77 billion shares divided into 20.77 shares. billion Series A shares, 53.50 Series B shares, and 34.49 billion Series C shares.
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