JAKARTA - PT Cashlez Worlwide Indonesia Tbk (CASH) is planning to issue 143.11 million shares from its stock portfolio worth IDR 12 each. This private placement is a part of its Management Employee Stock Option Plan (MESOP) programme for its board of directors, commissioners, and employees.

In the prospectus quoted today (24/4), the number of offered shares in MESOP is equal to 10% of its issued and paid-up capital. The board of directors will determine the offering price after securing approval from the board of commissioners.

The distribution of option rights (grant date) will take place in 4 rounds, starting from January 2024, January 2026, January 2027, and January 2028, with a maximum of 25% each of total MESOP rights. This plan will be further decided during the Extraordinary General Meeting of Shareholders on May 31, 2024.

After this plan took place, CASH will record issued and paid-up capital increase of IDR 1.71 billion to IDR 18.89 billion from the previous IDR 17.17 billion. Total liabilities and equity of CASH will also rise to IDR 231.55 billion from IDR 229.84 billion. (LK/ZH)