ADRO - Final offering price for AADI

ADRO - Final offering price for AADI Alamtri Resources Indonesia (ADRO) has set the final price for the Public Offering by Shareholders (PUPS) at IDR5,960 per share for Adaro Andalan Indonesia (AADI). (Source : Company) Comment : The offering period runs from December 6 to December 10, 2024. Every 4,389 ADRO shares held entitles the owner to subscribe to 1,000 AADI shares. The price reflects a 2.79x P/E based on AADI’s 12.8 bn total shares. Rights are non-transferable and must be fully exercised or forfeited.