JAKARTA. PT Primadaya Plastisindo Tbk (PDPP), a plastic packaging manufacturer, will distribute bonus shares of IDR 46.87 billion.

The management of PDPP will first ask for approval from its shareholders regarding bonus shares distribution. The meeting will be held on November 16, 2023.

The ratio applied for bonus shares distribution is 16:3, meaning that for every 16 old shares, the shareholder is entitled to 3 bonus shares.

All bonus shares are taken out of PDPP’s share premium account. Each bonus share will be converted to new shares taken out of its portfolio.

The recording date is set to November 28, 2023. Further terms and conditions regarding bonus shares distribution will be announced after the Extraordinary General Meeting of Shareholders of PDPP. (KR/ZH)