PT XL Axiata Tbk : Right Issue on the Right Time XL Axiata Successfully Raised IDR 5 Trillion Right Issue Funds Make Early Payments of Company Debts
January 18, 2023 at 10:20 pm EST
Share
Jakarta, 18 January 2023.PT XL Axiata Tbk (XL Axiata) succeeded in completing the Capital Increase By Providing Pre-emptive Rights III ("PMHMETD III") or rights issue process on time and at the same time raised IDR 5 trillion in funds. With this success, XL Axiata was able to realize the initial goal of conducting a rights issue, namely to strengthen the company's capital structure, including making payments for all or part of the company's debts. With the timely implementation of the rights issue, XL Axiata was able to make early payments on corporate debts which was made in the period December 2022 and early January 2023.
Director & Chief Finance Officer of XL Axiata, Budi Pramantika said, "The right issue that we implemented has been successful according to plan. Apart from being on time, was also successful in raising IDR 5 trillion in funds. We have also used these funds to pay early on company debts so that the capital structure becomes stronger because the early repayment of debt has the potential to reduce interest expenses by up to around IDR 300 billion in 2023."
The early payments of corporate debts that have been made by XL Axiata in December 2022 and January 2023 are as follows:
Name of Creditors
Payment Date
Principal Loan Balance that has been paid (IDR)
MUFG Bank, Ltd
23 December 2022
900,000,000,000
PT. Bank Central Asia, Tbk
27 December 2022
1,200,000,000,000
PT. Bank Central Asia, Tbk
27 December 2022
900,000,000,000
PT. Bank UOB Indonesia
3 January 2023
360,000,000,000
PT. Bank Permata, Tbk
3 January 2023
990,000,000,000
PT. Bank Permata, Tbk
3 January 2023
650,000,000,000
TOTAL
5,000,000,000,000
In December 2022, XL Axiata carried out PMHMETD III or rights issue by issuing 2,403,755,889 new shares. The number of shares is equivalent to 18.31% of the company's issued and fully paid-up capital after PMHMETD III with a nominal value of IDR 100 per share. The implementation price is IDR 2,080 so that the amount of funds that XL Axiata will receive reaches IDR 4.99 trillion. This rights issue is traded both inside and outside the Indonesian Stock Exchange (IDX) and was carried out for 5 working days from 20 December 2022 to 26 December 2022.
Every 25,000 old shares whose names were registered in the company's register of shareholders (DPS) on 16 December 2022 at 16.00 WIB had 5,633 Pre-emptive Rights, where every 1 Pre-emptive Rights gave the holder the right to buy 1 new share which must be paid in full when submitting an order for the exercise of Pre-emptive Rights.
If the new shares offered in this PMHMETD III are not entirely taken up by the public portion of the Pre-emptive Rights holders, then the remainder will be allocated to other company shareholders who have exercised their rights and subscribed for additional new shares, as stated in the Proof of Pre-emptive Rights (SBHETD) or Additional Share Purchase Order Form.
In the event that there is an oversubscription, the new shares will be allotted proportionally based on the number of Pre-emptive Rights that have been exercised by each shareholder requesting additional shares based on the exercise price.
PT XL Axiata Tbk published this content on 18 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2023 03:19:01 UTC.
PT XL Axiata Tbk is an Indonesia-based telecommunications company. The Company operates and manages the business in a single segment, which provides global system for mobile communications (GSM) mobile and telecommunications network services to its customers. It provides and expands its stable Internet network coverage through innovations and technology to reach a digitalized Indonesia. It also offers interconnection services, which includes voice over Internet protocol (VoIP) service. Its network services include fourth generation (4G) network services, fiberization, universal service obligation (USO) and 5G network services. Its XL Axiata Business solutions include Mobile Communication, Fixed Connectivity, Cloud & Data Center and Internet of Things. Its consumer products include XL Prepaid, XL Prioritas, XL Home, AXIS and SIM Card Registration.
PT XL AXIATA TBK 
