Jakarta, March 5, 2021 - PT Erajaya Swasembada Tbk (the "Company") on March 3, 2021, held an Extraordinary General Meeting of Shareholders (the "Meeting") with a number of Meeting agenda items, including:
- Approval for the plan for a Stock Split of the Company Shares amending Article, paragraphs 1 and 2 of the Company's Articles of Association.
- Amendments to the Articles of Association of the Company in accordance with the provisions of the Financial Services Authority Regulation.
The Stock Split is conducted to increase the Company's shares' liquidity and increase the purchasing power of retail investors towards the Company's shares. The Company will carry out the stock split with a ratio of 1:5, where every 1 (one) share of the Company with a nominal value of Rp500,- will be turned into 5 (five) shares with a nominal value of Rp100,-.
The Company carried out the 2nd Agenda to adjust the Articles of Association of the Company related to Financial Services Authority Regulation Number 15/POJK.04/2020 concerning Plans and Implementation of General Meeting of Shareholders of Public Companies and Financial Services Authority Regulation Number 16/POJK .04/2020 concerning the Implementation of Electronic General Meeting of Shareholders of Public Companies.
The Extraordinary GMS of the Company approved the stock split and amendments to the Company's Articles of Association according to the Financial Services Authority Regulation Number 15 / POJK.04 / 2020 and Number 16 / POJK.04 / 2020. The Company's Stock Split Schedule will be announced upon confirmation of the stock split schedule from the Indonesia Stock Exchange.