JAKARTA - PT Tripar Multivision Plus Tbk (RAAM), a production house for movies and series, will issue 619.42 million shares via a private placement on September 26, 2024. This corporate action will be further decided in Extraordinary General Meeting of Shareholders on September 12, 2024.

In the short prospectus quoted Tuesday (27/8), as of now, RAAM’s authorised capital was at IDR 1.2 trillion, with issued and paid-up capital of IDR 371.65 billion, and stock in portfolio of IDR 828.34 billion. The shareholders consist of Ram Jethmal Punjabi of 83.22%, PT Tripar Multi Image (TMI) of 0.81%, and the public of 15.97%.

After this private placement, the issued and paid-up capital of RAAM will increase to IDR 408.81 billion. Shareholder structure will change into Ram Jethmal Punjabi of 75.66%, PT Tripar Multi Image (TMI) of 0.73%, the public of 14.52%, and potential investor of 9.09%.

Currently, the private placement price is set to at least 90% of the average closing price of the stock in the past 25 consecutive days in the regular market prior to the request of new shares listing in the stock exchange.

After this private placement, total assets will grow to IDR 1.51 trillion from IDR 1.47 trillion as of March 2024, with liabilities projected to be relatively stable at IDR 242.86 billion, and equity increasing to IDR 1.26 trillion from IDR 1.23 trillion. (LK/ZH)