KONTAN.CO.ID-JAKARTA. The agenda for capital increase through the rights to order effects in advance (PHMHETD) II by PT Bank BTPN Tbk (BTPN) through a rights issue is getting closer. Based on the prospectus, the company is targeting funds of IDR 6.73 trillion from this rights issue.

In its prospectus, BTPN offers as many as 2.59 billion ordinary shares with a nominal value of IDR 20 per share or 24.32% of the fully paid and placed capital after PHMETD II. The company has set the rights issue execution price at IDR 2,600 per share.

Every holder of 10 billion shares listed in the Company's Shareholder Register (DPS) on February 29, 2024 at 15.00 WIB is entitled to 3.21 billion HMETD, where each 1 (one) HMETD gives the holder the right to buy as many as 1 (one) new share at the execution price that must be fully paid when submitting the HMETD execution order.

As the controlling shareholder, Sumitomo Mitsui Banking Corporation (SMBC) will be the standby buyer and execute all HMETD it owns in PMHMETD II, which is as many as 2.29 billion new shares.

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The company stated that the funds from the execution of PMHMETD II, after deducting emission costs, will all be used by the company as much as 62.4% to expand and invest in businesses, one of which is through the takeover of a company engaged in financing business activities, namely PT Oto Multiartha (OTO) from PT Summit Auto Group, a subsidiary of Sumitomo Corporation (SC Group) and SMBC.

Furthermore, approximately 37.2% of the funds will be used to expand and invest in businesses, one of which is through the takeover of a company engaged in financing business activities, namely PT Summit Oto Finance (SOF) from PT Summit Auto Group, a subsidiary of SC Group and SMBC.

The remaining approximately 0.4% will be used for the company's working capital.

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Here is the schedule for BTPN's rights issue plan:

1. Extraordinary General Meeting of Shareholders (EGMS) Date: December 7, 2023 2. Effective Registration Statement Date: February 19, 2024

3. Last Trading Date of Shares with HMETD (Cum-Right): -Regular and Negotiation Market: February 27, 2024 -Cash Market: February 29, 2024

4. Start Date of Trading Shares Without HMETD (Ex-Right): -Regular and Negotiation Market: February 28, 2024 -Cash Market: March 1, 2024

5. Recording Date to Obtain HMETD: February 29, 2024 6. HMETD Distribution Date: March 1, 2024 7. Securities Listing Date at PT Indonesia Stock Exchange (BEI): March 4, 2024 8. Trading, Payment and Execution Period of HMETD: March 4 – 13, 2024 9. Period of delivery of New Shares from HMETD execution: March 6 – 15, 2024 10. Final Payment Date from Additional Securities Orders: March 15, 2024 11. Allocation date of additional share purchase orders: March 18, 2024 12. Full Payment Date by Standby Buyer: March 20, 2024 13. Date of refund of additional share purchase order money: March 20, 2024.

Editor: Khomarul Hidayat