JAKARTA - PT Panca Mitra Multiperdana Tbk (PMMP) schedules a private placement, issuing 253.3 million shares worth IDR 100 each. The proceeds of this corporate action will be spent on the purchase of raw materials for processed shrimps.

In the short prospectus quoted Friday (28/4), the private placement will take place no later than a year after gaining approval from the Extraordinary General Shareholders Meeting on June 5, 2023. The shares that will be issued are equal to 10% of PMMP's total issued and paid-up capital of approximately 2.35 billion shares.

As of now, PMMP's authorised capital is at IDR 800 billion, while its issued and paid-up capital is worth IDR 235.30 billion. The shareholder structure of PMMP consists of PT Tiga Makin Jaya (TMJ) of 43%, Soesilo Soebardjo of 24.65%, Martinus Soesilo of 8.50%, PT Harapan Bangsa Kita (HBK) of 8%, Hirawan Tedjokoesoemo of 0.85%, and the public of 15%.

After this private placement, the company's issued and paid-up capital will rise to IDR 258.83 billion, and the shareholder structure will change. TMJ will own 39.09% of the shares, followed by Soesilo Soebardjo of 22.41%, Martinus Soesilo of 7.73%, HBK of 7.27%, Hirawan Tedjokoesoemo of 0.77%, the public of 13.64%, and new shareholder of 9.09%. (LK/ZH)