PT Bank Capital Tbk (BACA) will increase its capital by providing Pre-emptive Rights or rights issues.

Based on the Indonesia Stock Exchange (IDX) announcement on Wednesday (21/7), the company will issue a maximum of 20 billion new shares with a nominal value of Rp100 per share. For this reason, the company will hold an EGMS on August 25, 2021, to approve the plan to increase capital by granting the company's Preemptive Rights.

Bank Capital will submit a registration statement for the rights issue to OJK after obtaining approval from the EGMS. Furthermore, the company will hold the rights issue after the registration statement is declared effective by OJK.

"Referring to the provisions of Article 8 paragraph 3 POJK HMETD, the period between the date of approval of the EGMS to the effective date of the registration statement is not more than 12 months," said the Company's Board of Directors in its announcement.

The company plan