JAKARTA. PT MD Entertainment Tbk (FILM) will hold a capital increase without pre-emptive rights (PMTHMETD) or a private placement of 216,332,660 shares, all of which will be taken up by PT Samuel International.

With the issuance of these new shares, FILM's total issued and paid-up capital will increase to 9.72 billion shares. Previously, the company's issued and fully paid capital was recorded at IDR 9.51 billion shares.

FILM management has set the exercise price for new shares at IDR 3,060 per share. Thus, FILM will receive additional capital of IDR 661.95 billion from the private placement action.

The issuance of new FILM shares will be carried out on October 25 2024. The listing of new shares will be carried out on October 28 2024 and the announcement of the results of the private placement on October 29 2024.

According to idnfinancials.com data, Samuel International is the parent company of PT Samuel Sekuritas Indonesia and PT Samuel Asset Management. Samuel International's two subsidiaries operate in the financial services sector. (KR/LM)