JAKARTA - PT Bank IBK Indonesia Tbk (AGRS) aims to raise an extra capital worth IDR 1.38 trillion via its fifth rights issue, offering 13.81 billion shares. This plan will take place starting from July 14 to 28, 2023.

In the information disclosure quoted Monday (3/7), Industrial Bank of Korea (IBK), the owner of 25.27 billion units of AGRS's shares will be entitled to 12.61 billion new shares. However, IBK will only exercise half of its rights, amounting to 10 billion shares of IDR 100 each. Another half, or approximately 45 million shares, will be transferred to PT Bumi Indawa Niaga (BIN), leaving the remaining idle, but are available to be taken over by public investors of Bank IBK. 

Assuming that IBK will only exercise half of its portion, and BIN takes over another 45 billion shares, BIN's portion will grow to 0.75% from the initial 0.58% of the total issued and paid-up capital of IDR 3.77 trillion.

Prior to rights issue, Bank IBK's issued and paid-up capital reportedly reaches IDR 2.76 trillion, 91.24% of which belong to IBK, while the public claims another 8.11%, and BIN has 0.58%. Its authorised capital amounts to IDR 6 trillion, while the remaining stock in portfolio is worth IDR 3.23 trillion. (LK/ZH)