Digital Subscription
Measures and procedure of the subscription of capital increase shares and the exercise of conversion rights
Measures and procedure of the subscription of capital increase shares and the exercise of conversion rights
If an issuer (Company) uses the Digital Subscription System to support a high volume of transactions for Right Offering (XR, XB) and/or the exercise of conversion rights (XE), it can ask securities holders to exercise their subscription and/or conversion rights through depository participants (Broker/Custodian), with whom they have opened their trading accounts or deposited securities, in addition to the direct subscription with the Company and/or its subscription agents (if any).
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Subscription and exercise of conversion rights via
the Digital Subscription System (DSS)


A securities holder notifies the intention to subscribe to capital increase shares

A securities holder notifies a depository participant, who is a DSS service provider, of the intention to exercise the subscription and/or conversion rights and encloses subscription documents and evidence of payment of subscription fees as required. The date and time of service, as well as the storage of documentary evidence, must be in accordance with the rules, regulations, and procedures governing depository participants providing DSS services.

The securities holder is not required to resubmit their identification documents because the depository participant, as a DSS service provider, must already have all necessary information about the holder during the account opening or securities deposits process, in accordance with the Know Your Client (KYC) identification and verification standard.
Depository participant records the subscriptions and forwards the information to the Company

Following the receipt of notification of intent, along with subscription documents and proof of payment, the depository participant will record the subscriptions in the Digital Subscription system before delivering the information to the Company. In accordance with the rules, conditions, or policies governing depository participants providing the DSS service, the depositor participant will also collect documents or request additional evidence (if any) from the securities holder for the purpose of verification.
Depository participant sends proof of payment

The depository participant submits proof of payment within the time frame specified by the Company to confirm the exercise of rights, and the information will then be submitted to TSD for securities allocation and recording in the securities holder's register book.