Harita Nickel (NCKL) Plans Private Placement and Rights Issue

CORPORATE ACTION – JAKARTA. PT Trimegah Bangun Persada Tbk (NCKL) or Harita Nickel plans to carry out two corporate actions at once. Namely, capital increase without pre-emptive rights (PMTHMETD) or private placement and issuance of new shares with Pre-emptive Rights (PMHMETD) or rights issue

To facilitate these corporate actions, NCKL will hold an Extraordinary General Meeting of Shareholders (EGMS) on Friday, March 15, 2024. The meeting will be held at the Sheraton Grand Jakarta Gandaria City Hotel, Jalan Sultan Iskandar Muda, South Jakarta.

Just so you know, NCKL will issue 6.3 billion new shares in a private placement. This amount is equivalent to 10% of the paid and placed capital.

The background of this private placement is NCKL's plan to continue improving performance this year through a series of integrated business development innovations from upstream to downstream in one industrial area.

The final plan of this private placement is to purchase shares in a company engaged in nickel refining. This private placement causes a dilution effect (decrease) of up to 9.09%.

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Meanwhile, in the rights issue, NCKL will issue 18.93 billion shares. This amount is equivalent to 30% of the paid and placed capital. This rights issue is also carried out to support the execution of the transaction of purchasing shares of the nickel smelter company

The rights issue causes a dilution effect (decrease) of up to 23.08% if the shareholder does not redeem his rights.

Currently, PT Harita Jayaraya holds the majority of NCKL shares, which is as many as 54.56 billion shares or equivalent to 86.48%. Meanwhile, the non-warkat community holds 7.97 billion shares or as much as 12.65%.