JAKARTA. The Extraordinary General Shareholders Meeting of PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) agreed to distribute bonus shares with a 131:1 ratio, meaning that every 131 old shares could earn 1 bonus share.
Leonard, Director of Sido Muncul, reveals that the bonus shares would be taken out of its treasury stock. Thus, this arrangement makes Sido Muncul the first listed company to give out bonus shares from its treasury stock.
By June 30, 2021, SIDO manages treasury stock of 229,778,200 units of shares, whose values reach IDR 11.48 billion in total. Then, the total shares that are planned to be channelled out would amount to 227,253,602 shares, totaling IDR 11.36 billion.
Leonard restates that this bonus shares distribution is a form of SIDO’s commitment to improving and maintaining stock liquidity in the stock exchange, thus representing the positive performance that SIDO has demonstrated.
SIDO would distribute bonus shares of 227,253,602 units on October 5, 2021. The cum date in the regular and negotiation market had been set to September 27, 2021, while the recording date would follow on September 30, 2021. (AM/ZH)