PT Bumi Resources Tbk : BUMI SHAREHOLDERS APPROVE RP 24 TRILLION ($1.6 BILLION) SHARE ISSUE WITHOUT RIGHTS TODAY
October 11, 2022 at 09:32 am EDT
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Jakarta, INDONESIA 12940
Website: www.bumiresources.com
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BUMI SHAREHOLDERS APPROVE RP 24 TRILLION ($1.6 BILLION) SHARE ISSUE WITHOUT RIGHTS TODAY
Jakarta, 11 October 2022
PT Bumi Resources Tbk. ("BUMI or the "Company") has successfully held EGMS via online and offline (11/10) at J.S. Luwansa Hotel. Strict health protocols were followed.
EGMS was attended by Shareholders or their legitimate Proxies amounting to 81,974,382,659 (eighty one billion-nine hundred seventy four million-three hundred eighty two thousand-six hundred fifty nine) shares or accounting for 56.989% (fifty six point nine eight nine percent) of 143,841,242,189 (one hundred forty three billion-eight hundred forty one million-two hundred forty two thousand-one hundred eighty nine), being the total number of issued shares of the Company.
Based on the attendance quorum, the EGMS was declared valid and was therefore allowed to adopt valid and binding resolutions for the single agenda item.
The resolution has been approved by shareholders as follows:
NON-PREEMPTIVERIGHTS to issue a maximum number of 200 billion shares
Transaction value of USD1.6 billion
Purpose of NON-PREEMPTIVE RIGHTS:
To strengthen the Company's capital structure
Profit will increase
Decreasing debt ratio
Company value and investment value will increase
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Photo: BUMI Board of Directors and Commissioner at EGMS on 11 Oct 2022.
IDX report on EGMS outcome already released publicly and available on IDX web and BUMI web site.
For further information, please contact
Dileep Srivastava
Director & Corporate Secretary
PT Bumi Resources Tbk.
Tel
(62-21) 5794 2080
Fax
(62-21) 5794 2070
email
dileep@bumiresources.com
www.bumiresources.com
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PT Bumi Resources Tbk published this content on 11 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 October 2022 13:31:06 UTC.
PT Bumi Resources Tbk is an Indonesia-based holding company. The Company is engaged in mining activities. Its business activities focus on two main business lines, namely coal and minerals. It classifies its products and services into five core business segments: holding company, coal, services, oil and gas, and gold. The coal mining activities comprise exploration and exploitation of coal deposits (including mining and selling coal). It owns coal reserves and coal resources in Indonesia. The Company has widespread operational areas ranging from North Sumatra (Dairi Prima Mineral), South Sumatra (Pendopo Energi Batubara), Sulawesi (Gorontalo Minerals and Citra Palu Minerals), East Kalimantan (Kaltim Prima Coal), South Kalimantan (Arutmin Indonesia), and the Republic of Yemen (Gallo Oil). The Company operates coal mines along with its subsidiaries, including PT Kaltim Prima Coal, PT Arutmin Indonesia, and PT Pendopo Energi Batubara.
PT BUMI RESOURCES TBK 
