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11/7/11

Had Stagnant, Atlas Shares Up 3.3% Thin?

Jakarta - The movement of the prime stock of Atlas Resources Tbk PT (ARII) on perdagangaan early Tuesday (8/11/2011),stagnant in the position of Rp 1,500 per share or equal to theprice of the initial implementation.


At 9:35 pm JATS stock trading, shares of Atlas are in the position of Rp 1520 per share, up slightly from Rp 20 beforesetting the price of Rp 1,500 per share.

Shares of ARII was located at the lowest and highest Rp 1450 to Rp 1550 per sheet. The Company offers 650 million shares, orequivalent 21.67% of paid up capital and placed.

Total listed shares reached 3 billion pieces, with the proceeds of Rp 975 billion.

Proceeds from sale of prime stock, about 60% or Rp 540 billionto finance working capital, capital expenditures and developmentof infrastructure support facilities at the Hub Muba.

The rest, as fund additional acquisitions of IUP regions and / or increased holdings in subsidiaries relating to mining, also paycompensation for the restructuring of the coal supply contract toNoble, and to fund working capital of the Company do not exceedRp 138 billion.

The Company also has PT UBS Securities Indonesia and PTIndo Premier Securities as a securities underwriter. From the results of bookbuilding and roadshow, news corporation stockreceived considerable interest from institutional investors.

source: detik.com
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