PT Indika Energy Tbk (INDY) plans to take over all paid-up and placed capital in Nusantara Resources Limited (NUS).

The signing of the scheme implementation deed with NUS on 27 June 2021, marking the plan.

The company will pay AUD 0.35 per share for 168,041,107 shares that have not yet been owned by the company, including shares issued at the time of exercise of the rights.

To realize the proposed transaction, NUS will hold a GMS in September 2021, obtain court approval in Australia and other conditions related to the proposed transaction.

"This transaction is a strategic step for the company to increase ownership in NUS as one of the company's diversification strategies," INDY Corporate Secretary Adi Pramono said in an IDX information disclosure on Monday (28/6).

NUS is a gold mining company listed on the Australian Stock Exchange, which owns 100% of Awak Mas mining shares in South Sulawesi.