PT Wintermar Offshore Marine Tbk (WINS) plans to increase capital through the issuance of up to 250 million shares without pre-emptive rights, at an exercise price of Rp120 per share.

The amount is part of the total 423 million shares that the company will seek approval at the Annual GMS, held on May 21, 2021.

Of the total number of new shares, the company will issue as many as 400 million shares with a validity period of 2 years from the Annual General Meeting of Shareholders.

Meanwhile, the company will issue 23 million shares under the management and employee share ownership program valid until May 20, 2024.

"The purpose of this transaction plan is to obtain working capital to finance the company's business development plan, as well as to realize the business development plan," said President Director of Wintermar, Sugiman Layanto, in the IDX disclosure, on Thursday (20/5).

He hopes that with this plan, the company c