Receh.in - PT Bank Mandiri (Persero) Tbk (BMRI) has officially announced its schedule for the stock split of its nominal value shares. The company will split the nominal value of all its old shares in a ratio of 1:2. This means that each old share with a nominal value of Rp250 per share will become 2 shares with a nominal value of Rp125.
According to the management in the prospectus, for the Dwiwarna Series A shares, one share will still be maintained, and the rest will be counted as adding shares of Series B owned by the Republic of Indonesia.
This corporate action is issued to improve the liquidity of stock trading. The management added that by increasing the number of shares in circulation, it is expected to broaden the distribution of share ownership, including to all levels of investors.
BMRI projects the number of shares in the capital base will increase from 64 billion to 128 billion shares. Meanwhile, the number of shares in the fully paid-up capital will become 93.33 billion, from 46.66 billion.
According to the schedule, the implementation of the stock split will be carried out at the latest 30 days after the annual general meeting of shareholders on March 14, 2023.
Schedule of Bank Mandiri (BMRI) Stock Split
Here is the estimated schedule for the stock split implementation:
- General Meeting of Shareholders: March 14, 2023
- Announcement of General Meeting Minutes: March 16, 2023
- Approval of Stock Split Changes: March 20, 2023
- Application for Additional Share Listing on the IDX: March 21, 2023
- IDX Approval: March 28, 2023
- Announcement of Implementation Schedule: April 4, 2023
- End of Trading with Old Nominal Value on the Regular and Negotiated Markets: April 6, 2023
- Start of Trading with New Nominal Value on the Regular and Negotiated Markets: April 10, 2023
- Recording Date: April 11, 2023
- Start of Trading Shares with New Nominal Value in the Cash Market: April 12, 2023.
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