BABP Rights Issue 59.5%

Bank ICB Bumiputera (BABP IJ, NR) will issue 8.05 billion new shares through rights issue (59.5%) with ratio of 15 old : 22 new. The rights issue price is set at IDR100/share that will translate to IDR805bn of fresh fund from the corporate action that may be executed on 2 July 2014. Besides that, BABP will also issue 1.91 bn of warrants at IDR150/share with ratio of 21 old : 5 new. The warrant will be effective from 4 February 2015 to 3 July 2017.