JAKARTA - PT Erajaya Swasembada Tbk (ERAA) carried out a stock split with a ratio of 1:5 or from a nominal value of IDR 500 per share to IDR 100 per share. This was conveyed by Amelia Allen, Corporate Secretary of ERAA, in an information disclosure quoted on Thursday (25/3).
She explained that after the corporate action, the number of ERAA shares that will circulate in the market is 15,960,000,000 shares, from previously 3,190,000,000 shares. "Trading with the new nominal value on the cash market will begin on April 5, 2021," Allen continued.
Based on a predetermined schedule, ERAA management agreed to end trading of the old par value shares on March 30, and trade shares with the new nominal value on the regular and negotiated markets on March 31. This corporate action has received approval from shareholders at the Extraordinary General Meeting of Shareholders on March 3, 2021. (LK/VA)