Jakarta, CNBC Indonesia – The rights issue of PT Bank Rakyat Indonesia Tbk (BBRI) was approved at the Extraordinary General Meeting of Shareholders (EGMS) on 22 July.
Currently, BBRI is still waiting for an effective statement from the Financial Services Authority on August 30, 2021. If the OJK’s effective statement comes out as expected, the stock trading schedule without Pre-emptive Rights will start on September 8, 2021. As quoted from the prospectus of BBRI in Jakarta, Monday (26/26/2020). 7/2021).
Then, the listing of shares on the IDX will be carried out on September 13. Furthermore, the preemptive rights trading period will be conducted on September 13-22 2021 and the period for the delivery of shares resulting from the exercise of the Preemptive Rights will be held on September 15-24.
For the last date of payment of additional share orders on September 24, allotment of additional share orders on September 27. The last date for refunds for additional share subscriptions is September 29, 2021.
Just for information, the results of the EGMS approved the right issue corporate action to be carried out by BRI with the mechanism of Capital Increase By Giving Pre-emptive Rights (PMHMETD).
At least 104.22 billion votes or representing 95.98% of all shares with valid voting rights and attending the e-rups have approved the company’s plan to issue new shares for the PMHMETD for a maximum of 28,677,086,000 shares with a nominal value of Rp 50.00 (fifty rupiah) per share.
The proceeds from this corporate action will be used by BRI for the establishment of the Ultra Micro Holding which is carried out through BRI’s investment in Pegadaian and PNM, as a result of the Government’s involvement. The rest will be used as BRI’s working capital for the development of the Ultra Micro ecosystem, as well as Micro and Small businesses.
The value of inbreng transactions reaches Rp 54.77 trillion, while the estimated cash that can be generated from the proposed PUT I is a maximum of around Rp 41.15 trillion.
This is a big step for BRI to continue to develop new sources of growth in line with its aspiration to become a Champion of Financial Inclusion. This plan is in line with the Government’s vision in the National Medium-Term Development Plan (RPJMN) 2020 to 2024, namely to encourage financial inclusion. Therefore, the Government intends to establish an Ultra Micro Holding consisting of BRI, Pegadaian and PNM. In this case, BRI will be appointed as holding parent.
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