PT Bumi Resources Minerals Tbk (BRMS) has received approval from the Financial Services Authority (OJK) to conduct a rights issue or issue new shares on the Indonesia Stock Exchange or IDX.
antvklik.com –Director and Investor Relations of PT Bumi Resources Minerals Tbk Herwin W. Hidayat said that BRMS will issue as many as 22.9 billion new shares at a price of Rp70 silver per share with a value of up to Rp1.6 trillion.
Each owner of 400 shares of BRMS, has the right to buy 129 new shares issued.A total of 250 new shares will also be attached with 267 warrants.Each warrant owner has the opportunity to buy one BRMS share at the price of Rp70 silver per share.
Still referring to the same source, the cum date is March 26, 2021 (regular market and negotiation) and March 30, 2021 (cash market).
Meanwhile, theex dateis March 29, 2021 (regular market and negotiation) and March 31, 2021 (regular market and negotiation).Meanwhile, the recording date is March 30, 2021. Rights issue execution date is April 1 to 9, 2021.
“Two standby buyers are ready to absorb new shares that are not absorbed by shareholders. The first standby buyer is ready to absorb up to 6.22 billion shares (27 percent) and the second standby buyer is ready to absorb 16.68 billion shares (73 percent), “Herwin W. Hidayat said, in his official statement on Thursday (18/3/2021), quoted from viva.co.id.
The funds will be used to build a new gold ore processing plant with a capacity of 4,000 tons per day in Palu, valued at US $ 48 million.Then, for the drilling of four gold mine prospects in Palu, it is worth 23 million US dollars.
Then, 5.25 million US dollars for drilling two gold mine prospects in Gorontalo.The funds will also be used to pay for the remaining loan for the construction of the first gold processing factory with a capacity of 500 tons per day in Palu, which has been operating since February 2020, with a value of US $ 29 million.
“The rest will be used to increase working capital,” he said.
PT Bumi Resources Minerals Tbk (BRMS) will conduct additional capital with pre-emptive rights (PMHMETD) or arights issueworth IDR1.6 trillion in January 2022. The funds will be used to, among others, build factories and drilling.
“The PMHMETD transaction plan is still awaiting approval from the OJK (Financial Services Authority),” said Herwin W. Hidayat, in his official statement on December 16, 2020.