JAKARTA – Shareholders of PT Solusi Sinergi Digital Tbk (WIFI) agreed upon the plan of a rights issue of 4.71 billion shares or equal to 66.67% of issued and paid-up capital. Prior to this, this corporate action failed to obtain approval during Extraordinary General Meeting of Shareholders on August 21, 2024.

Yune Marketatmo, President Director of WIFI, confirmed that shareholders agreed upon the increase of WIFI’s authorised and issues & paid-up capital through the upcoming first round of right issue.

“The approval for capital increase with pre-emptive rights was obtained from 98.92% of the quorum of 61.79% of the shares, representing 1.45 billion shares,” Marketatmo said in the information disclosure quoted Friday (6/9).

The approval for the rights issue agenda was finally acquired on September 4, 2024. At August EGMS, WIFI failed to reach an agreement as the meeting only consisted of the representations of 1.34 billion shares or 56.92% of total shares with valid votes.

In the issued prospectus, it is said thar the issuer will utilise the rights issue proceeds to pay the entire outstanding loan principal and interest third parties, including IDR 151.95 billion of loan principal to PT Prambanan Investasi Sukses (PIS) and IDR 162.4 billion to PT Investasi Gemilang Maju (IGM). The remaining funds will be allocated to working capital of WIFI’s subsidiaries.

After the rights issue, authorised capital will rise to IDR 1 trillion, while issued and paid-up capital increases to IDR 473.73 billion, with stock in portfolio of IDR 526.26 billion. Shareholder structure will change into PT Inti Sukses Bersama (ISB) (74.87%), PT Tinawati (0.43%), and the public (24.71%).

Prior to this, authorised capital was at IDR 603 billion, with issued and paid-up capital recorded at IDR 235.93 billion, and stock in portfolio worth IDR 367.06 billion. The shareholder structure consisted of PT Inti Sukses Bersama (ISB) (50.11%), PT Tinawati (0.29%), and the public (49.61%). (LK/ZH)