Jakarta, CNBC Indonesia – E-commerce issuer, PT Bukalapak.com Tbk (BUKA), plans to increase capital with a scheme without preemptive rights (PMTHMETD) or private placement.
This corporate action was carried out through the Management and Employee Stock Option Program (MESOP) worth Rp 3.96 trillion.
In the Regulation of the Financial Services Authority (OJK) Number 3 of 2014, it is stated that the Employee Share Ownership Program is an offer program to employees to own shares or options that contain the right to acquire shares, either directly or indirectly.
In an announcement made by Bukalapak management, the MESOP implementation will start on November 15, 2021 until December 24, 2021.
The number of shares issued is a maximum of 5,060,345,150 new shares with an exercise price of Rp 783 per share, or lower than the company’s initial public offering price of Rp 850 per share.
“If there are option rights that have not been converted in the 2021 implementation period, it can be carried out on the schedule for the next implementation period,” said Bukalapak’s Corporate Secretary, Perdana A. Saputro, Tuesday (9/11).
The MESOP program offered is priced higher than Bukalapak’s market price when referring to the movement of the company’s average share price in the range of Rp 670 to Rp 690 per share.
This price is also above the current market price, Tuesday (9/11), in session I, at the level of Rp 685/share.
For information, referring to the company’s performance report as of June 30, 2021, the company posted a net loss of Rp. 766.24 billion with a cash flow of minus Rp. 750.86 billion.
The company posted sales of Rp 863.62 billion with total assets as of June 30, 2021 reaching Rp 4.04 trillion. This consists of Rp 1.03 trillion in liabilities and Rp 3.01 trillion in equity.
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