JAKARTA - PT Bank BTPN Syariah Tbk (BTPS) would transfer 402,800 treasury shares as remuneration to board of directors who served in March 6, 2017 - April 16, 2020. This was conveyed by Arief Ismail, Director of BTPS, in an information disclosure quoted on Friday (8/1).
He conveyed that the decision to transfer treasury shares had received approval from Board of Commissioners yesterday (4/1). "In accordance with the approval from board of commissioners, by taking into account the recommendations of company's Remuneration and Nomination Committee in circular decision of board of commissioners of BTPN Syariah," said Ismail.
According to him, treasury shares were set at a share price by February 15, 2019, which had been informed to the recipient on February 14, 2019. The transfer of shares to the recipient will be carried out on January 25, 2020. "Treasury shares that will be allocated and distributed, are remuneration and a form of deferred bonus,” explained Ismail. (LK/VA)