PT Darma Henwa Tbk (DEWA) has agreed to sign a Debt Settlement Agreement with PT Antareja Mahada Makmur (AMM) on Monday (10/2/2025). This agreement outlines the settlement of the Company's debt amounting to IDR 296,622,745,000 to AMM through debt conversion into shares.
The debt conversion into shares will be carried out through the mechanism of a Capital Increase Without Preemptive Rights (PMTHMETD). 'Under this Debt Settlement Agreement, the Company will convert its debt to AMM amounting to IDR 296,622,745,000 into 3,954,823,266 Series B common shares at a conversion price of IDR 75 per share,' said DEWA Director, Ahmad Hilyadi, in a public disclosure to the Indonesia Stock Exchange (IDX) in Jakarta, Tuesday (11/2/2025).
AMM has no affiliation with the Company. Ahmad emphasized that this event will not impact the operational activities, legal matters, or business continuity of the Company. 'The impact on the financial condition will only occur after the debt conversion to AMM into the Company’s shares is completed through the PMTHMETD mechanism, which will subsequently improve the Company’s financial position.'
