Bank Victoria Plans Right Issue 5 Billion Shares

Jakarta - PT Bank Victoria International Tbk (BVIC) plans to issue shares by granting preemptive rights of 5 billion shares accompanied by 4.56 billion series VII warrants.

Based on the prospectus issued on Friday (9/30), each series VII warrant gives the holder the right to buy one new share of the company.

The funds from issuing these bonds will be used to strengthen the capital structure to meet the minimum core capital and working capital requirements through business development in the form of credit expansion.

Shareholders who do not exercise their rights will be diluted by up to 42.31%.

The company will hold an EGM to approve the plan on October 19, 2022.

Penulis : Widya