BSI weighs rights issue as free float falls short of 15% requirement
The Indonesian bank reported a 9.33% free float and said its three controlling shareholders had yet to make binding commitments on subscription rights.
PT Bank Syariah Indonesia (Persero) Tbk. (BRIS) is discussing ways to meet a 15% minimum free-float requirement with key stakeholders, including through a planned rights issue. Its free float stood at 9.33% of listed shares on 30 September 2026.
In a disclosure dated 30 October 2026 to the Indonesia Stock Exchange (BEI), the bank said the proposed capital raising would also support financing for business growth. It plans to issue up to 6.8 billion Series B shares with a nominal value of Rp500 each.
BEI sought an explanation of the plan because the bank remained below the threshold under provision V.1.1 of Exchange Regulation I-A of 2026. The exchange said the transaction could help BSI meet the requirement if controlling shareholders did not exercise their subscription rights or transferred them.
Alternate Corporate Secretary Rosalina Dewi T. said the bank had not received binding commitments from its three controlling shareholders to forgo exercising, or to transfer, some of those rights. Any such commitments would be disclosed alongside its registration statement to the regulator.
BSI said it could not yet provide a final post-issue ownership structure, identify any standby buyer or strategic investor, or confirm the timetable and expected subscription price. Those matters remained under internal discussion and would be disclosed in accordance with capital-market rules.
