JAKARTA – As of yesterday (11/6), the stock of PT Amman Mineral Internasional Tbk (AMMN) soared 582.03% since its debut in the stock market on July 7, 2023. At today’s morning session, the shares were seen arriving at IDR 12,000 per shares, up IDR 125 from previous closing price.

Based on the data compiled by IDNFinancials today (12/6), its stock was reported arriving at IDR 11,875 at yesterday’s (11/6) closing bell, booking market capitalisation of IDR 861.15 trillion. For comparison, AMMN’s shares were only IDR 1,755 per share during the closing bell of its debut day, recording market cap of IDR 126.21 trillion.

This stock price increase is in line with the addition of listed shares of 602.33 million, bringing the shares to 72.51 billion from its IPO record of 71.91 billion shares. Those extra listed shares was given related to Management Employee Stock Option Plan (MESOP) program on August 29, 2023, with the price of IDR 2,120 per share.

Yesterday (10/6), the director AMMN issued a revision of its MESOP program regulation, which stated that all MESOP shares can be transferred rights after the first banning period, on June 24, 2024; the second one in June 2025; the third one in June 2026; or the fourth one in June 2027. (LK/ZH)