JAKARTA. PT Bank Neo Commerce Tbk (BBYB) will carry out additional capital by providing pre-emptive rights (PMHMETD) VII or rights issue, by issuing 5 billion new shares.

Each share has a nominal value of IDR 100 per share. Meanwhile, the exercise price for the rights issue shares has not yet been determined.

According to BBYB's official statement, each holder of 100 million shares has 41,532,324 HMETD. Later, every 1 HMETD will give the holder the right to buy 1 new share of the company.

PT Akulaku Silvrr Indonesia as the holder of 27.32% of BBYB shares has stated its ability to exercise all of its HMETD. Rockcore Financial Technology Co. Ltd. as holder of 6.12% of the company's shares, has also stated its ability to exercise its HMETD.

BBYB's rights issue is scheduled to be effective on November 24 2023. Meanwhile, the listing of HMETD on the Indonesia Stock Exchange (BEI) is scheduled for December 8 2023. (KR/LM)