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To increase free float, Panin Bank releases 1.7% stake in Bank Panin Dubai Syariah

17 March 2021 06:03

JAKARTA . In an effort to increase public shares circulating on the stock exchange (free float), PT Bank Panin Tbk. is releasing 1.7% of share ownership in PT Bank Panin Dubai Syariah Tbk.

With the release of 890.50 million shares, the number of shares of PT Bank Panin Tbk is currently still 26,251,527,033 shares or 67.63% from 69.33%. This was written by management in the disclosure of information on the Indonesia Stock Exchange on Tuesday (16/3/2021).

The share transaction that took place on March 1-4, 2021 was aimed at increasing the share of public ownership in PT Bank Panin Dubai Syariah Tbk. in accordance with Rule Number I-A concerning Listing of Shares and Equity Securities Other Than Shares Issued by Listed Companies, wrote the President Director of Bank Panin Dubai Syariah Bratha, in the announcement. (AM/LM)

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