Merdeka Copper (MDKA) Launches Jumbo Private Placement, Funds for This
Jakarta, CNBC Indonesia - PT Merdeka Copper Gold Tbk. (MDKA) plans to undertake a Capital Increase without Pre-emptive Rights IV, or private placement, of 2,447,298,377 shares, or up to 10% of the total shares already placed and fully paid up, or the company’s paid-up capital, with a nominal value of Rp20.
Quoting the disclosure of information from the Indonesia Stock Exchange (BEI), the reason for this corporate action is to develop the business or realise expansion potential to strengthen its capital structure.
“Through the PMTHMETD IV, the Company is expected to obtain alternative funding sources for the Company’s interests,” the management wrote on Wednesday (6/5/2026).
The funds obtained from the PMTHMETD IV results will allocate 30% of the total funds for working capital needs, and the remainder for business development in the form of capital expenditures or share purchases, assets, and appropriate transaction methods in one or more companies in related industries or connected to business activities.
Management stated that this private placement is expected to increase the number of issued shares, thereby enhancing the liquidity of the Company’s share trading.
After the PMTHMETD IV implementation becomes effective, the share ownership percentage of the Company’s current shareholders will experience dilution of up to a maximum of 9.091%.
Management conveyed that, assuming the closing share price as of 5 May 2026 at Rp3,100 and the Bank Indonesia middle exchange rate as of 5 May 2026 at Rp17,368/USD, the Company’s financial condition and equity after the PMTHMETD IV implementation will increase by US$436,816,269.
“Thus, the Company’s debt-to-equity ratio will improve from 1.0x before PMTHMETD IV to 0.8x after PMTHMETD IV,” the management revealed.
The schedule for MDKA’s private placement includes the recording date on 19 May 2026 for shareholders entitled to attend the GMS. Then, on 20 May 2026, the GMS call will be made to shareholders via the BEI website, eASY.KSEI, and the Company’s website.
In addition, changes and/or additional disclosures related to the PMTHMETD IV plan are scheduled for 9 June 2026 via the BEI website, eASY.KSEI, and the Company’s website. The GMS implementation will take place on 11 June 2026.