Panasia Indo Resources Increases Capital Without Rights Issue, 2,068,891,800 Shares on August 19, 2015
PT. Bursa Efek Indonesia / Indonesia Stock Exchange has approved the stock listing from Capital Increase Without Preemptive Rights of PT. Panasia Indo Resources Tbk (HDTX) amounted to 2,068,891,800 shares.
| Number of shares | 2,068,891,800 shares |
| Face value | Rp500 |
| Exercise Price | Rp554,60 |
| Origin of shares | Capital Increase Without Preemptive Rights from Debt conversion into equity |
| Listing date | August 19, 2015 |
By recording the new shares, all of PT. Panasia Indo Resources Tbk shares that listed in Indonesia Stock Exchange will be 3,601,462,800 shares.
According to the provisions of Indonesia Stock Exchange and referring to the letter of Ortega Management Limited, Lucky Heights Resources Limited and Gold Gazelle Profits Corporation dated May 27, 2015, the new shares will be locked-up for 12 months from the listing date.
