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FKS Food and Ingredients Corporate Action

By administrator | November 2, 2020 | Consumer Goods.

FKS Food and Ingredients Corporate Action. Tiga Pilar Sejahtera Food Tbk. (AISA) receive an injection of fresh funds from PT Pangan Sejahtera Investama. Through additional capital without pre-emptive rights or private placement. Tiga Pilar Sejahtera Food report the plan to implement a part of the private placement on Tuesday (27/10/2020).

The company will carry out part of the additional capital without pre-emptive rights (PMTHMETD). Of 2.38 billion Series B shares each with a nominal value of Rp200. The share taking of the PMTHMETD implementation will be carry out by a subsidiary of PT FKS Food And Ingredients, PT Pangan Sejahtera Investama (Pasti).

The entity, which is also list as the shareholder of AISA, will absorb the new shares issue by the company with an exercise price of Rp210 or a total of Rp499.99 billion. The plan is for the issuance of new shares and payment for new shares to be carry out on November 6, 2020. The listing of new shares resulting.

From the private placement will be carry out on November 9, 2020. After the PMTHMETD implementation, the amount of issue and paid-up capital of the company which was originally 4.78 billion shares will be to as much as 7.16 billion shares. Meanwhile, It was record that the ownership of 1.56 billion shares narrow.

FKS Food and Ingredients Shareholders Meeting

Or equivalent to 32.78 percent of AISA’s shares as of September 30, 2020. As is known, AISA has secure the blessing of shareholders to conduct PMTHMETD in the extraordinary general meeting of shareholders (EGMS) at the end of September. 2020. The company will issue a maximum of 6 billion series B shares with a nominal value of Rp200.

AISA propose a private placement price of IDR 210 per share. Thus, the company will pocket up to Rp1.26 trillion in funds. Certainly, PT Asta Askara Sentosa (Askara) and / or other parties will take the shares of the new series B shares issue by the company through a private placement.

Base on the definite statement letter as of September 18, 2020, the company state its ability to subscribe as many as 3.72 billion new Series B shares to be issue by AISA. Furthermore, Askara has also provide a statement letter date September 25, 2020. The Sure subsidiary will take as many as 800 million new series B shares belonging to AISA.

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