JAKARTA – PT Bersama Zatta Jaya Tbk (ZATA) is set to retain its primary shareholder’s portion until the lock-up period ends. Last week, PT Lembur Sadaya Investama (LSI), ZATA’s shareholder, had released 10.71% of its portion, which leads to speculation in the capital market.

Elidawati, President Director of ZATA, clarified that LSI plans to repurchase those shares. “The management of ZATA will ensure that the controlling shareholder will not divest its portion,” she stated in the public disclosure today (8/2).

However, the schedule of this corporate action has yet to be announced.

In the second week of January 2023, LSI divested 910 million units of its shares for an average of IDR 101.6 each. Cumulatively, it clocked up to IDR 92.45 billion. Post transaction, LSI’s portion in ZATA shrank from 72.93% to 62.22%, equal to 6.19 billion units to 5.28 billion.

ZATA’s total shares reportedly reach 8.49 billion units, consisting of the founders’ of 6.79 billion shares and the public’s of 1.7 billion shares. (LK/ZH)