07 February 2021

Bank Neo Commerce Prepares to Implement Corporate Action to Increase Capital in Right Issue IV

On February 2, 2020, PT Bank Neo Commerce Tbk (BNC) has registered a corporate action to increase capital in Right Issue IV through the issuance of 832.72 million shares at an exercise price IDR 300 per share. Thus, BNC's potential fund from the rights issue is Rp 249.82 billion.
There is no stand by buyer in the corporate action, if after the allocation of the HMETD there are still remaining HMETDs that are not implemented, then all the remaining HMETD shares will not be issued from the portfolio. PT Akulaku Silvrr Indonesia as the Company's Main Shareholder has stated its ability to exercise all its rights to purchase new shares issued in the context of Right Issue IV.
The funds obtained from the Right Issue IV after deducting emission costs will be used entirely for working capital for the Company's business development in the form of lending and other banking operations.

PT Bank Yudha Bhakti Tbk

Gedung GOZCO

Jl. Raya Pasar Minggu Kav 32 Pancoran Jakarta Selatan 12780

Telp. (021) 2975-2975, 2975-2999

Fax. (021) 2975-2918

bi

ayo ke bank

lps

3p