Bank Victoria aims to raise Rp 200b in rights offer
Esther Samboh, The Jakarta Post, Jakarta | Tue, 05/17/2011 3:45 PM
Publicly-listed lender Bank Victoria International has announced a plan to issue rights shares to collect up to Rp 199.45 billion to boost the lender’s working capital.
Bank Victoria will offer 1.99 billion new shares worth prices of Rp 100 per share, according to its official announcement sent to the Indonesia Stock Exchange (IDX) on Monday. Each holder of 200 existing shares will be entitled to buy 85 shares in the rights offer.
An extraordinary shareholders meeting will be held on June 17 to seek for Bank Victoria’s shareholders approval. The lender is currently owned by Victoria Sekuritas (35 percent), the public (31 percent), Suzanna Tanojo (14.4 percent), Emirates Tarian Asset Management (9 percent),Suryayudha Investindo (6.31 percent) and Nata Patindo (3.86 percent).
In the rights offer, Bank Victoria will also issue 1.48 billion warrants at Rp 100. Every 85 preemptive rights will carry 63 warrants to entice investors.
