Issuer Eddy Sariaatmadja Shares Split 1:10, This is the Schedule
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08 January 2021

Issuer Eddy Sariaatmadja Shares Split 1:10, This is the Schedule

Jakarta, CNBC Indonesia - The shareholders of the Emtek Group media issuer, PT Elang Mahkota Teknologi Tbk (EMTK) have approved the plan to split the nominal value of the company's shares with a ratio of 1:10.
This was agreed upon based on the resolution of the Extraordinary General Meeting of Shareholders of the Company which was held on December 14, 2020.

"Shareholders have agreed to change the nominal value of the Company's shares from the previous nominal value of Rp. 200 per share to Rp. 20," wrote Emtek's management on the stock exchange information disclosure page, Friday (8/1/2021).

Meanwhile, the end of trading of shares with the same nominal value will end on today 8, January 8, 2021 in the regular market and the negotiation market.

The suspension of share trading in the Cash Market for 2 (two) Exchange Days is scheduled for 11-12 January 2021. The date for determining the Shareholders entitled to the Stock Split result or recording date is 12 January 2021.

Meanwhile, shares with a new nominal value resulting from the Stock Split are deposited and distributed by PT Kustodian Sentral Efek Indonesia (KSEI) to shareholders as well as the start of trading of shares with a new value of Rp 20 per share on the cash market is scheduled for January 13, 2021.

With the stock split decision, the company changed its capital allocation. The company's authorized capital is Rp 2.51 trillion, consisting of 126 billion shares, each share worth Rp 20.

Of the authorized capital 44.91 percent, or 56.43 billion shares or a total nominal value of Rp 1.12 trillion, has been issued and paid-up to the company by each shareholder with details and the nominal value of the shares mentioned before the end. deed.

Furthermore, 100 percent of the nominal value of each issued share, or a total of Rp 1.12 trillion, has been fully paid up as is due to Emtek by each shareholder.

Emtek was founded in 1983 and is currently controlled by the Eddy K Sariaatmadja family. The company's business is to provide personal computer services, the Emtek Group has developed into a modern and integrated group of companies that has three main business divisions, namely Media, Telecommunications and IT Solutions, and Connectivity.

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