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Samudera Indonesia Tbk Announces Plans for Stock Split, New Price of Rp5 per Share

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Receh.in -
PT Samudera Indonesia Tbk (SMDR), a publicly traded company on the Indonesia Stock Exchange, has announced plans to undertake a stock split with a new price of Rp5 per share. 

According to a report in the company's public information disclosure on the Indonesia Stock Exchange, the action was approved by shareholders at a general meeting held on November 9, 2022.

"The company has announced plans for a stock split based on the results of the general meeting of shareholders," said Farida Helianti Sastrosatomo, Corporate Secretary and Compliance Director of SMDR. The shares will be split from Rp25 per share to Rp5 per share. Before the split, the number of shares outstanding was 3.275.120.000, and after the split, the number of shares will be 16.375.600.000.

The schedule for the stock split is as follows:

  • 1. Effective date: January 31, 2023
  • 2. Last trading day of shares with the old nominal value on all markets: January 30, 2023
  • 3. Start of trading of shares with new nominal value on the regular and negotiation markets: January 31, 2023
  • 4. Start of trading of shares with new nominal value on the cash market: February 2, 2023.

This move is expected to increase the liquidity and accessibility of SMDR's shares for investors, making it more appealing for small investors. The stock split is a signal of the company's confidence in their growth and stability in the future. 

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