JAKARTA - PT Apexindo Pratama Duta Tbk (APEX) will increase capital without pre-emptive rights, also known as private placement, via mandatory convertible bonds (MCB) Tranche I. This corporate action will last until next week (16/7).

In the information disclosure quoted Monday (8/7), Mahar Atanta Sembiring, Director of APEX, revealed that the number of shares to be issued is 612.83 million, with an offering price set to IDR 1,846 per share, or resulting in IDR 1.13 trillion. The number of shares post-private-placement will then rise to 3.54 billion from the previous 2.93 billion.

Prior to the limited issuance of shares, the company has issued MCB Tranche I worth USD 115 million worth IDR 1.63 trillion or equivalent to 886.61 million shares post-conversion. The MCB issuance is carried out based on Trust Deed dated February 19, 2021.

As of June 2024, the issuer’s shares were reported at 2.93 billion, with shareholder structure consisting of PT Aserra Capital of 64.68%, PT Daaz Bara Lestari of 5.35%, Standard Chartered of 7.52%, Eka Dharmajanto of 1.01%, Erwin Sutanto of 0%, the public of 18.79%, and treasury stock of 0.01%. (LK/ZH)