Jakarta - PT Bumi Resources Tbk (BUMI) will raise additional capital without providing preemptive rights by issuing 3.805 billion series C shares.

Referring to the company's prospectus published on Tuesday (6/9), the exercise price of the private placement is set at Rp80 per share. With the right price, BUMI will earn around Rp304.44 billion.

This price is the conversion price of mandatory convertible bonds (MCB)that applies to the exercise of the conversion rights of the OWK.

This private placement will be implemented on September 12, 2022. After the implementation of this private placement, the total issued and paid-up share capital of the company will increase from 140,035 billion to 143,841 billion series C shares.

The shares consist of 20.773 billion series A shares, 53.501 series B shares, and approximately 69.566 billion series C shares.