JAKARTA - PT Elang Mahkota Teknologi Tbk (EMTK) is planning a private placement in regard to Management Employee Stock Option Plan (MESOP) program, valued at IDR 32.7 billion.

In the information disclosure quoted Tuesday (3/12), total shares issued in MESOP Phase II is said to reach 75 million shares of IDR 20 each.

The exercise price of the MESOP has been set to IDR 436 per share, while the corporate action is scheduled to take place next week, on December 11, 2024.

This corporate action plan had been approved during the Annual General Meeting of Shareholders on June 29, 2022, prior to the reiteration during AGMS on June 12, 2024.

As of October 2024, EMTK registered 61.31 billion shares, with controllers owning 21.92% of them, and non-controllers, 78.08%. Total registered shareholders clock up to 36,949, with Eddy K. Sariaatmadja listed as the ultimate beneficial owner of the shares. (LK/ZH)