Bank Bukopin officially leads a rights issue

KB Kookmin Bank will be a stand-by buyer.

REPUBLIKA.CO.ID, JAKARTA – The Financial Services Authority (OJK) formally issued a statement on the issuance of Limited Rights IV ( Rights Subscription ) of the Bukopin Bank on June 29, 2018.

With the acquisition of an effective statement of OJK, Bank Bukopin now begins to make a limited public placement IV (PUT IV) to the shareholders of the company.

PUT IV with a total of 2.73 billion Clbad B shares at the par value of Rp 100 per share. Then will be offered by the addition of capital with preferential rights (HMETD).

Chairman of the Board of PT Bank Bukopin Tbk Eko Rachmansyah Gindo said that after the issuance of rights the capital adequacy ratio of Bank Bukopin increase. "We are grateful for the rights issue of The Bank Bukopin process is generally going according to plan," he said Monday after an official statement [2]

. that the Company has planned to complete this year. Through a series of corporate actions, including rights issue, revaluation of badets and divestment, Bank Bukopin is aiming for a solvency ratio of 14%.

In the PUT IV process, the shareholders of HMETD are listed as having shares of Bank Bukopin until July 11, 2018. Later, the trading period of the shares is conducted from July 13, 2018 to July 25 2018, then the allowance is in July 2018. [19659003] rights issue after the process of due diligence KB Kookmin Bank agreed to be a stand-by buyer ( 19459007) stand-by buyer Bukopin Bank offered. "As a reserve buyer, KB Kookmin Bank is committed to buying the remaining shares not yet taken by current shareholders, totaling 2.56 billion shares at bid price. of Rp 570 per share, "said the director of finance and planning of PT Bank Bukopin Tbk M Rachmat Kaimuddin

Meanwhile PT Bosowa Corporindo as a controlling shareholder of the Company declared that & ## She would not exercise her right in this IV PUT. If all rights are exercised, shareholders who will not exercise their rights will be diluted 23.08% of the previous interests.

For information, as of March 31, 2018, the shares of Bank Bukopin are held by Bosowa Corporindo of 30%, (Kopelindo) up to 18.09% and the Republic of Indonesia of 11.43% . Then the rest up to 40.48% is controlled by the company.