JAKARTA - PT Ancora Indonesia Resources Tbk (OKAS) has set a price of IDR 320 per share in the plan to issue 607,521,388 shares via private placement. The value of the private placement is IDR 194.40 billion or US$ 12.45 million at an exchange rate of IDR 15,731 per US$.

In the disclosure published on Monday (15/5), the funds from the corporate action will be converted to pay off OKAS's obligations to Island Spice Investments Limited (ISIL), the new creditor who received the transfer of obligations from PT CIMB Niaga Tbk (CIMB) worth US$ 18.24 million. The total liability includes US$ 12.35 million in principal, US$ 3.48 million in interest and US$ 2.40 million in fines.

Prior to the private placement, OKAS' authorized capital was IDR 700 billion, total issued and fully paid up capital was IDR 176.59 billion, and the number of shares in the portfolio was IDR 523.40 billion. The shareholder structure namely, PT Multi Berkat Energi (MBE) 52.0013%, Banque Pictet and Cie SA Burgundy Asset Corp (Banque) 11.4022%, PT Dua Usaha Karya Negeri (DUKN) 8.7757%, and the public 28.1808%.

After the corporate action, OKAS' total issued and fully paid-up capital became IDR 237.34 billion and portfolio shares amounted to IDR 462.65 billion. The owner structure is MBE 38.690%, Banque 8.2158%, MBE 6.5294%, DUKN 20.9675%, and new creditors 25.5966%.

As of December 2022, OKAS' debt to ISIL was US$ 19.95 million or the equivalent of IDR 313.96 billion at an exchange rate of IDR 15,731 per US$. The obligation consists of a principal of US$ 12.35 million (IDR 194.40 billion), interest and a penalty of US$ 7.70 million (IDR 119.56 billion). (LK/LM)