The listing of Bank Jtrust Indonesia's reverse stock split shares, reduced by 28,066,394,870 series B shares on October 3, 2018
PT. Bursa Efek Indonesia has approved the implementation of reverse stock split B series of PT. Bank JTrust Indonesia Tbk (BCIC), with details are as follow:
| Types of Shares | Before Reverse Stock Split | After Reverse Stock Split | ||
| Nominal Value (Rp) | Number of Shares | Nominal Value (Rp) | Number of Shares | |
| Series B | 78 | 28,066,675,536 | 7,800,000 | 280,666 |
In addition, Indonesia Exchange has also approved the plan to list the Company's additional shares, Series A Shares with a total of 10,011,841,000 shares at a nominal value of Rp 1,000.
Based on the Government Regulation No.29 of 1999, the Company can only register its shares in Indonesia Stock Exchange as much as 99% of the total paid up capital of the Company. To fulfill the provision, there are additional Series A shares which are not listed as much as 100,118,410 shares owned by PT. Jtrust Investments Indonesia. The listed Series A shares are 9,911,722,590 shares.
Starting from Wednesday, October 3, 2018, the number of Series A and Series B shares of PT. Bank Jtrust Indonesia Tbk listed in Indonesia Stock Exchange are as much as 9,912,003,256 shares with a share price of Rp 450. (W)
