ANNOUNCEMENT FOR  PLAN FOR IMPLEMENTATION OF 2019 CAPITAL INCREASE PT SARIMELATI KENCANA Tbk (the “Company”)

ANNOUNCEMENT FOR PLAN FOR IMPLEMENTATION OF 2019 CAPITAL INCREASE PT SARIMELATI KENCANA Tbk (the “Company”)

The Company hereby announces the Plan for Implementation of Capital Increase under the Management and Employee Stock Ownership Plan, which had been ratified under the General Meeting of Shareholders dated 24th of April 2019. For the purpose of Capital Increase Without Pre-emptive Rights, the Company intends to issue shares for Phase III in the cumulative amount of 8,266,257 (eight million two hundred sixty six thousand two hundred fifty seven) shares with nominal value of Rp.100 (one hundred Rupiah) per new shares. The schedule for implementation of Capital Increase Without Pre-emptive Rights shall be, as follows:

 

Capital Increase Without Pre-emptive Rights

: 15th of June 2024

Announcement of Implementation Result

: 30th of July 2024

 

Capital Increase Without Pre-emptive Rights shall be implemented at the exercise price for the Phase III for the amount of Rp.638 (six hundred thirty eight Rupiah) per share.

 

 

Jakarta, 10th June 2024

Board of Directors