Date of Occurence
August 4, 2017
Type of Information or Material Fact
Stock split of the Company’s shares
Description of Information or Material Facts
In conjunction with the results of the Extraordinary General Meeting of Shareholders of PT Samudera Indonesia Tbk (the Company) dated May 24, 2017, which the results are stated in the Deed of Statement of Extraordinary General Meeting of Shareholders No. 48 dated May 24, 2017 made before Ashoya Ratam, S.H., M.Kn., Notary in South Jakarta, which deed has been received and recorded in the database of Legal Administration System (Sisminbakum) of the Ministry of Law and Human Rights of the Republic of Indonesia “Menkumham“) pursuant to the Letter of Acceptance of the Notification of Amendment of Articles of Association of PT Samudera Indonesia Tbk No. AHU-AH.01.03-0144554 dated June 9, 2017 and has been registered in the Company Register pursuant to Law no. 40 Year 2007 concerning Limited Liability Company under No. AHU-0074524.AH.01.11.TAHUN 2017 dated June 9, 2017, the Company has decided to carry out a stock split of the Company’s shares with a ratio of 1:20 from a nominal share value of Rp500,- (five hundred Rupiah) per share to become Rp25,- (twenty five Rupiah) per share.
Based on the recent price level of its stock, the Company intends to execute a stock split for the purpose of increasing liquidity of the Company’s shares, and further broadening the range of its investors by lowering the price of its shares.
Effect, Information Or Material Facts Towards The Operational Activities, Law And Financial Condition Or The Viability Of The Issuer Or Public Company
The execution of Stock split has no direct impact on the operational & legal activities and financial condition or the viability of the Company.
That in addition to the information that we have disclosed above, at present there are no events, information or other material facts that we do not have that are not disclosed in connection with the above information.