Jul 5, 2011

Bumi transfers 3.9% stake to Bumi Plc

PT Bumi Resources Tbk (BUMI) today has crossed 800.33 million shares or representing 3.9% stake in return for 13.88 million new shares with voting rights.
The shares crossing was done by J.P.Morgan Securities at Rp3,125 per share or Rp2.50 trillion. The crossing price is 5.04% premium from today's closing level at Rp2,975 per share. In parallel, Bumi Plc, London-listed company which is controlled by Bakrie family and financier Nathaniel Rothschild, has reported to issue 13.88 million new shares at 6 pound sterling worth 83.28 million pound sterling. Following the shares crossing, Bumi Plc currently controls 28.9% shareholding in Bumi.

Disclosure: No position at the stock mentioned above.

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