JAKARTA - PT Saraswati Anugerah Makmur Tbk (SAMF) is confirming the stock split with 1:2 ratio to take place on February 5, 2025. This corporate action will be further decided alongside its shareholders on January 16, 2025.

In the information disclosure quoted Monday (9/12), Theresia Yusufiani Rahayu, Director of SAMF, mentioned that the number of shares post-stock-split will be doubled to 10.25 billion from 5.12 billion shares. The updated value will then arrive at IDR 50 each from the previous IDR 100 per share.

This stock split announcement was positively welcomed by the market, indicated with the shares price that went up by IDR 20 from IDR 760 to IDR 780 at the closing bell. Within the past week, this NPK fertiliser manufacturer has shown 6.12% increase from IDR 735 per share.

As of November 2024, SAMF listed 5.12 billion shares, 83.28% of which belong to controlling parties. Another 16.72% belong to non-controllers, with free float of 767.20 million shares or 14.97% of total issued shares. The number of shareholders clocked up to 2,825. (LK/ZH)