JAKARTA. The extraordinary general meeting of shareholders (EGMS) of PT Bank Jtrust Indonesia Tbk. (BCIC) agreed to hold a rights issue of up to 10 billion shares.

Based on the announcement of the summary of the minutes of the company's EGMS, the corporate action was approved by 17,824,638,078 shares or 100% of all shares with voting rights who attended last week's meeting.

The company will issue 10 billion shares with a nominal value of IDR 100 per share. The EGMS of Bank JTrust also approved the deposit of shares by the controlling shareholder (PSP), namely J Trust Co., Ltd., Japan, in the exercise of Preemptive Rights which was carried out by providing compensation for paid up capital of IDR 1 trillion in PMHMETD through PUT III 2023.

In addition, the EGMS also approved the granting of authority to the company's directors to determine the number of shares to be offered, to set an exercise price, and to take all actions for the implementation of the PMHMETD.

Bank JTrust Indonesia conducted a rights issue as a realization of depositing funds from the controlling shareholder with a 74.16 percent ownership portion, namely J Trust Co., Ltd. from Japan. "To support business activities, the company deems it necessary to strengthen capital," BCIC management explained. (AM/LM)