JAKARTA – PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (BJBR) will issue 1.83 billion series B shares of IDR 250 each.

Based on the information disclosure quoted Friday (24/2), the number of issues that will be offered is equal to 17.4% of the total issued and paid-up capital of BJBR. The corporate action will then take place no later than 12 months since approval sought in the Annual General Shareholders Meeting on April 4, 2023.

The shareholders that refuse to exercise their rights in this corporate action will have their portions diluted a maximum of 14.86% of its initial ownership percentage.

Until January 2023, BJBR’s total shares clock up to 10.52 billion, 38.52% of which are under the control of regional government, followed by 7.24% that belongs to regency government and 54.24% of public investors’. (LK/ZH)