Jakarta, February 21, 2025 - PT MNC Energy Investments Tbk (IDX: IATA or the Company) has officially obtained an effective statement from The Financial Services Authority (OJK) on February 20, 2025, to proceed its Limited Public Offering III with a Rights Issue (HMETD) mechanism. Through this corporate action, IATA will issue up to 20,190,596,389 Series B shares, representing 44.44% of the total paid-up capital after the rights issue, with a distribution ratio of 5:4 (five existing shares entitle the holder to receive four HMETD), where every 1 (one) HMETD gives the holder the right to buy 1 (one) new share, which must be fully paid upon subscription.

 

With an execution price of Rp63 per share, IATA eyes fresh funds of up to Rp1.27 trillion. The entire proceeds, after deducting relevant issuance costs, will be allocated as working capital, including for coal trading activities.