JAKARTA - PT Lippo Cikarang Tbk (LPCK) is eyeing extra capital by issuing 3 billion shares worth IDR 500 per share. Shareholders who do not participate in this new shares issuance will have their portions diluted by a maximum of 52.82%.

In the issued prospectus quoted Thursday (10/10), the plan will take place no later than 12 months after obtaining the approval from Extraordinary General Meeting of Shareholders on November 15, 2024. The rights issue proceeds will then be used to expand the business.

As of now, LPCK’s authorised capital is recorded at 2.7 billion shares of IDR 500 each, totalling IDR 1.35 trillion. The shareholder structure consists of PT Kemuning Satiatama (KS) of 80.83% worth IDR 1.08 trillion, and the public of 19.17% or IDR 256.89 billion. The issued and paid-up capital was IDR 1.33 trillion, with stock in portfolio worth IDR 10.2 billion.

Post-rights issue, its authorised capital will rise to 7 billion shares or IDR 3.5 trillion, with shareholder structure consisting of KS of 80.83%, and the public of 19.17%. Its issued and paid-up capital will increase to IDR 2.83 trillion, with stock in portfolio worth IDR 660.2 billion.

As of September 30, 2024, the issuer reported free float of 15.98%, with total shareholders of 4,281. The ultimate beneficial owner of the shares is James T. Riady. (LK/ZH)