JAKARTA – PT Erajaya Swasembada Tbk (ERAA) will transfer a portion of its treasury shares through a Management Employee Stock Option Program (MESOP). The plan will be decided at the General Meeting of Shareholders (GMS) scheduled for 10 June.

Amelia Allen, Head of Legal & Corporate Secretary of ERAA, stated that MESOP will be carried out by transferring a portion of the treasury shares previously repurchased through the company’s buyback scheme.

“This programme will not dilute shareholder ownership, as the shares used for MESOP are not newly issued shares from the company’s portfolio,” she said, citing the company’s disclosure on Monday (19/5).

According to Amelia, a total of 51,540,500 treasury shares will be transferred to the programme, representing around 30.95% of ERAA’s 166.51 million treasury shares.

She explained that the MESOP is expected to attract, retain, motivate, and provide incentives to members of management and key employees of the company.

As of 30 April 2025, two members of ERAA’s Board of Commissioners held shares in the company: Richard Halim and Andreas Harun.

In addition, members of ERAA’s Board of Directors, namely Budiarto Halim, Hasan Aulia, Sintawati Halim, Sim Chee Ping, Djohan Sutanto, and Patrick Adhiatmadja, also held shares in the company. (LK/KR/ZH)