JAKARTA - The shareholders of PT Asuransi Tugu Pratama Indonesia Tbk (TUGU) agreed upon the stock split plan, setting up the ratio to 1:2 or splitting one old share of IDR 100 each to two units of IDR 50 per share.

Emil Hakim, Corporate Secretary of PT Asuransi Tugu Pratama Indonesia Tbk (TUGU), claims that the shares with the new value will be effective starting from May 26, 2023. "The number of shares post-stock split grows to 3.55 billion, shifting from 1.77 billion shares prior to the stock split," he said in the information disclosure quoted Friday (19/5).

The approval regarding this corporate action was obtained during the Annual General Shareholders Meeting of TUGU last week (28/4).

As of now, TUGU's shareholders consist of PT Pertamina that owns 58.5% of 1.77 billion listed shares, followed by Samsung Fire And Marine of 5.3%, UOB Kay Hian Ple Ltd of 15.9%, and public investors of 20.3%. (LK/ZH)