Jakarta - PT XL Axiata Tbk (EXCL) plans to raise funds through additional capital by providing Preemptive Rights III of Rp4.999 trillion.

Based on the company's prospectus published on Thursday (12/8), XL will issue 2.403 billion new shares, or 18.13% of the issued and fully paid capital, with a price of Rp2,080.

Axiata Investments Indonesia Sdn Bhd (AII), as the main shareholder and owner of 6.559 billion shares of the company, will exercise all of its preemptive rights for a total of Rp3.074 trillion.

AII also acts as a standby buyer with a maximum amount of Rp1.925 trillion.

A maximum of 18.31% will dilute shareholders who do not exercise their rights in rights issue III.

XL will use proceeds from rights issue III to pay off part of the company's debt.

The provisional schedule is that the Extraordinary General Meeting of Shareholders will be held on August 10, 2022, with a statement of an effective date for the r