The fifth round of rights issue would increase subscribed and paid-in capital to 1,162,285,399 new shares series B with a nominal value of Rp500 per share, Danamon President Director Henry Ho said here on Wednesday.
The shares would be offered at Rp4,300 each or at a total value of Rp4.997 trillion, he said.
"The rights issue V will strengthen our capital and balance sheet and support the growth of our business lines in the future," Henry Ho said.
With the rights issue, the bank`s stand alone Capital Adequacy Ratio (CAR) would increase to 16.98 percent from 12.05 percent, he said.
"Danamon will use proceeds from the rights issue after being reduced by issuance cost for loans to the micro small and medium businesses as well as for automotive financing," Danamon Finance Director Vera Eve Lim said.
The rights issue would be conducted by issuing preemptive rights to shareholders put in the list of shareholders as per September 12, 2011 at 04.00 p.m.
Every holder of 1,000 shares put in the list of shareholders as per the date of listing were entitled to buy 138 new shares series B with preemptive rights. The shares would be offered at Rp4,300 each and must be paid by cash on the date of reservation.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2011
