JAKARTA - PT Arkadia Digital Media Tbk (DIGI) obtained relaxation of the Convertible Performance Debenture (CPD) agreement worth IDR 11.56 billion with the Emerging Media Opportunity Fund (EMOF) I, LP, United States.

In an information disclosure quoted on Wednesday (22/5), Arsito Hidayatullah, Corporate Secretary of DIGI said that the company and EMOF I agreed to extend the due date for repayment of the CPD agreement until 31 July 2027. In addition, changing the previous debt repayment scheme by share conversion, to installments for 36 years from August 31, 2024.

Shareholders will decide on the relaxation of the CPD agreement at the Extraordinary General Meeting of Shareholders (EGMS) on June 27 2024. With this plan, the company's liquidity ratio will increase in the future and reduce the risk of default.

DIGI recorded authorized capital of IDR 70 billion and issued and paid-up capital of IDR 32.5 billion. The shareholders of this issuer are, PT Harvest Capital International 30.73%, Iwa Sukresno Karunia 24.47%, Suwarjono 5.30%, and the non-script (non-warkat) public 39.50%. The transactions in this plan are equivalent to 61.42% of DIGI's total assets of IDR 18.82 billion as of December 2023. (LK)