JAKARTA - The Extraordinary General Meeting of Shareholders (EGMS) of PT Bank BCA Tbk (BBCA) today approved the corporate action of a stock split with a ratio of 1:5.
The nominal value of BBCA shares is currently Rp62.5 and will change to Rp12.5 after the stock split. For information, BBCA's share price at the time the press release was issued was in the range of Rp32,000 per share. So after the stock split, BBCA's share price became around Rp6,400 per share.
"The corporate action of the stock split is also based on BCA's commitment to support the development of the Indonesian capital market," said President Director of Bank Central Asia Jahja Setiaatmadja in an official statement quoted from Bisnis.
After obtaining shareholder approval through the EGMS, the company will coordinate with the relevant authorities to process the stock split which is estimated to be completed in October 2021. (LM)