JAKARTA – PT Samudera Indonesia Tbk (SMDR) will initiate a stock split with a ratio of 1:5, dividing the share of IDR 25 each to IDR 5.

Farida Helianti Sastosatomo, Corporate Secretary of Samudera Indonesia, confirmed that its shares will increase from 16,375,600,000 shares to 3,275,120,000 shares.

The new share of IDR 5 each will take effect next week, on January 31, 2023. The stock trading with the most up-to-date value in the cash market will commence on February 2, 2023. Said plan had been approved during the General Shareholders Meeting on November 9, 2022. (LK/ZH)