PIPA reschedules Series I Warrant trading

JAKARTA – PT Multi Makmur Lemindo Tbk (PIPA) has announced a change in the trading schedule for its Series I warrants (PIPA-W) following a delisting policy.

Imanuel Kevin Mayola, Corporate Secretary of PIPA, stated that the trading period for PIPA-W will end on 8 April 2025.

“The last trading date in the Cash Market is set for 27 March 2025, while the last trading in the Regular and Negotiated Markets will take place on 25 March 2025,” he said in a disclosure to the Indonesia Stock Exchange (IDX) on Monday (24/2).

PIPA explained that the change follows new equity trading regulations, which have shortened the settlement period from T+3 to T+2, effective from January 1, 2025.

Therefore, warrant holders are reminded to take note of the schedule to avoid the risk of being unable to trade after the specified dates. After the deadline, PIPA-W warrants will no longer be traded on the IDX.

PIPA-W warrants were first listed on the IDX on April 10, 2023, alongside the company’s shares on the IDX’s Development Board.

As of the first trading session on February 24, 2025, PIPA’s shares remain stagnant at IDR 20 per share. (DK/KR/ZH)