*DJ Energi Plans 11-For-20 Rights Issue In January* JAKARTA (Dow Jones)--Petroleum and gas producer PT Energi Mega Persada (ENRG.JK) said in a prospectus Wednesday that it plans to issue 26.18 billion rights shares on Jan. 6, to raise net proceeds of IDR4.173 trillion ($432.41 million).
The company said every 11 shares will entitle shareholders to buy 20 rights shares, with the rights shares priced at IDR185 each. Shareholders who don't subscribe to the rights issue will have their shareholding in the company diluted by a maximum 68.35%. Energi, which is controlled by diversified holding company PT Bakrie & Brothers (BNBR.JK), said it plans to seek shareholders' approval for the planned rights issue at a meeting on Dec. 28. -By Edhi Pranasidhi; Dow Jones Newswires; 62 21 3983 1277; edhi.pranasi...@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=N%2Bx7ar2RUJ5nP%2BaDNzlJwA%3D%3D. You can use this link on the day this article is published and the following day.
