March 22, 2018
Information In Connection With The Proposed Transactions Of Capital Increase Without Pre-Emptive Rights
In relation to capital increase by giving Pre-emptive Rights (HMETD) in the disclosure of this Information, the Company intends to issue not more than 48% (forty eight percent) of the Company's shares (New Share) and estimating the gross fund of the Company will earnings from the Issuance of New Shares is approximately Rp513,000,000,000 (five hundred and thirteen billion rupiah).
In accordance with OJK Regulation No. 32/POJK/2015 on the addition of the Company's Capital by Granting Pre-emptive Rights (POJK No. 32), the exercise of additional capital by granting HMETD is subject to:
1. The purpose of the majority of shareholders at the General Meeting of Shareholders in relation to the increase of capital by granting Rights (HMETD).
2. Registration Statement of the Company (which will be submitted to the Financial Services Authority-OJK) in connection with the capital increase plan by giving the Right is declared effective by OJK.
ESTIMATION PERIOD OF CAPITAL ADDITION IMPLEMENTATION
The Company intends to execute and complete additional capital by providing HMETD in a reasonable period of time to be made, but no later than 12 (twelve) months from the date of receipt of the GMS approval in relation to the capital increase by granting the HMETD and is subject to the effectiveness of the submitted registration statement to OJK, in connection with the capital increase by granting the HMETD in accordance with prevailing laws and regulations.
ESTIMATION PLAN ON THE FUND UTILISATION
The Company intends to use all funds it receives from the capital increase by giving HMETD after deducting its commissions, expenses, fees and other expenses for investment in the form of rejuvenation and development of production facilities and general, business combination and the rest is used for loan repayment and working capital.
ANALYSIS REGARDING THE EFFECT OF CAPITAL ADDITION TOWARDS THE FINANCIAL CONDITION AND THE SHAREHOLDERS
In view of the non-stipulation of capital increase provisions by granting HMETD, the Company is unable to provide detailed analysis in relation to the specific impact of additional capital by giving HMETD to the Company's financial condition, but to comply with the POJK no. 32 The Company estimates a 10% (ten percent) increase in income over the previous year with an increase in equity.
Shareholders who wants to obtain additional information in relation to the plan of PM HMETD may contact the Company during office hours at the Company's Head Office:
Gedung RNI Lt. 5, Jalan Denpasar Raya Kav. DIII Kuningan, Jakarta Selatan