Jakarta - PT Bank JTrust Indonesia Tbk (BCIC) is targeting the acquisition of funds from the plan to increase capital with preemptive rights through a limited public offering II in 2022 to reach Rp1.27 trillion.

Based on the company prospectus issued on Monday (5/17), Bank JTrust will issue 4.24 billion series C shares, or 30% of the total issued and fully paid shares, with an exercise price of Rp300 per share.

The main shareholders of J Trust Co. Ltd. Japan and its business groups, namely J Trust Asia Pte Ltd and PT JTrust Investments Indonesia, will exercise 3.96 billion shares by compensating the recorded funds as other equity components of Rp1.9 trillion.

The Company will use the proceeds from this rights issue to increase capital in order to comply with the provisions regarding the minimum core capital, including confirming the funds that have been recorded as other equity components into issued and fully paid capital.

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