Jakarta - PT Bank Pembangunan Daerah Banten Tbk (BEKS) has set the price for additional capital with Pre-emptive Rights VII of Rp77 per share.

Based on the brief prospectus published on Tuesday (5/10), the amount of funds to be obtained by BPD Banten is a maximum of Rp1.8 trillion.

After implementing the rights issue, BPD Banten will issue 23,388 billion shares or 34.79% of the issued and fully paid capital.

The company's main shareholder, PT Banten Global Development, will not exercise its rights and transfer the Preemptive Rights to any party.

BPD Banten plans to use the rights issue for credit distribution of around 65% and 35% to strengthen the company's financial structure.

Meanwhile, the implementation schedule is: cum rights on the regular market and negotiations on October 8, 2021, cum rights on the cash market on October 12, 2021, ex-rights on the regular market, and negotiating market on October 11, 2021, ex-rights