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GEMS will distribute Rp 117.64 billion of bonus shares

02 March 2020 06:11

JAKARTA - PT Golden Energy Mines Tbk (GEMS) will distribute bonus shares totaling 1,176,470,600 shares or a value of Rp 117.64 billion originating from agio share capitalization of Rp 2.06 trillion as of December 31, 2019. After distributing bonus shares, issued capital and paid up will increase from 5,882,253,000 shares or as much as Rp. 588.23 billion to as much as 7,058,235,600 shares or as much as Rp. 705.88 billion.

As quoted from the company's information disclosure, Friday (28/2), the distribution of bonus shares to meet the percentage of free float from the Indonesia Stock Exchange (IDX) of 7.5%. At present, GEMS has fulfilled the minimum requirement of 50 million shares and is owned by at least 300 shareholders but the percentage is only 3%. Therefore, after distributing these bonus shares, one or all of the shareholders transferred some of the shares owned to the public shareholders.

This corporate action was decided at the Extraordinary General Meeting of Shareholders (EGMS) on January 20, 2020. Shareholders who are entitled to get bonus shares listed as shareholders on the list of company shareholders (DPS) as of March 30, 2020. While the distribution of bonus shares will be conducted on April 6, 2020. (LK)

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