ANNOUNCEMENT TO SHAREHOLDERS OF
SCHEDULE AND PROCEDURE OF STOCK SPLIT OF
PT. LOGINDO SAMUDRAMAKMUR Tbk.
(“The Company”)
The Extraordinary General Meeting of Shareholders (“EGM”) of the Company which implemented on March 30th, 2015 i.e. have been approved the implementation of shares stock split from previously IDR 100 (one hundred Rupiah) per share to IDR 25 (twenty five Rupiah) per share as stipulated in the Meeting Resolution Deed No. 30 dated April 29th, 2015 made before Tjhong Sendrawan, S.H., notary in Jakarta and has been recorded in the Legal Entity Administration System based on letter from the Minister of Law and Human Rights of Republic Indonesia with his decision number AHU-AH.01.03-0928911 dated 30 April 2015.
In accordance with the above matter, the Company will implement stock split with ratio 1 (one) old share with nominal of IDR 100 per share will be replaced by 4 (four) new shares with nominal of IDR 25 per share
The stock split implementation will be conducted with the following schedule and procedure:
|
No. |
REMARKS |
TIME SCHEDULE |
|
1 |
Announcement the stock split schedule in IDX (thru IDXnet website) |
12 May 2015 |
|
2 |
End of share trading with old nominal (IDR 100) at Regular and Negotiation Market |
18 May 2015 |
|
3 |
Early of share trading with new nominal (IDR 25) at Regular and Negotiation Market |
19 May 2015 |
|
4 |
Trading suspension in Cash Market within 3 (three) days in IDX. |
19 – 21 May 2015 |
|
5 |
End of settlement of share trading transaction with old nominal (IDR 100) at Regular and Negotiation Market. |
21 May 2015 |
|
6 |
Recording Date of account/sub-account holder at Indonesian Central Securities Depository (or KSEI) which entitled to receive a share with new nominal (IDR 25) as an impact of stock split |
21 May 2015 |
|
7 |
Share with new nominal (IDR 25) distributed by KSEI to account holder. |
22 May 2015 |
|
8 |
Early of share trading with new nominal (IDR 25) at Cash Market |
22 May 2015 |
|
9 |
Early of share trading settlement with new nominal (IDR 25) |
22 May 2015 |
Note:
- Shareholders whose shares are in the collective custody of Indonesian Central Securities Depository (or KSEI), the stock split implementation will be implemented based on the balance of the Company’s share at each share sub-account at the end of share trading in IDX, on May 21st, 2015. Furthermore, on May 21st, 2015, share from stock split will be distributed thru Shareholders’ sub-account at KSEI.
- Shareholders whose shares are not included in the collective custody of Indonesian Central Securities Depository (or KSEI) or the shares still in the script form, request to conduct stock split can be conducted starting from May 22nd, 2015 at the Company’s Share Registrar:
Gedung Plaza Sentral, Lt.2
Jl. Jenderal Sudirman Kav. 47 – 48
Jakarta 12930
By submit the following documents:
- Original Share Collective Certificate (“Shares Certificate”) on behalf of Shareholders; and
- Photocopy of Shareholders’ identity.
Shareholders are not charged for stock split implementation, however if the Shares Certificate not yet registered on behalf of Shareholders, then Shareholders is obliged to carry out the registration in advance by submitting the evidence of transaction for the acquisition of shares.
Jakarta, May 12th, 2015
BOARD OF DIRECTOR
PT LOGINDO SAMUDRAMAKMUR, Tbk.
Download PDF file : Stock Split Announcement- LEAD