JAKARTA - PT Bank Jago Tbk (ARTO)'s shares increased after completing the Management Employee Stock Option Plan (MESOP) phase I of 4.31 million, yesterday. With an exercise price of IDR 2,150, the MESOP conversion value is IDR 9.28 billion.

Tjit Siaftun, Director of ARTO, said that the number of options that have not been exercised and are still valid is 123.01 million of the total number of options of 128.35 million shares. ‘The MESOP programme lasts for more than a month from December 2, 2024 to January 15, 2025,’ he said on Tuesday (21/1).

The number of ARTO shares will be 13.86 billion referring to the MESOP conversion results. In December 2024, the issuer's shares were recorded at 13.85 billion shares. Bank Jago's shareholders include PT Metamorfosis 29.8%, Wealth Track Technology 11.68%, PT Dompet Karya Anak Bangsa 21.4%, GIC Private Limited 9.02%, the public 27.04%, and Arief Harris Tandjung 0.34%.

The controlling composition of ARTO is 41.48% controlling shareholders and 58.52% non-controlling shareholders. The number of shareholders is 33,295 and the final beneficiaries of share ownership are PT Metamorfosis Ekosistem Indonesia (Jerry Ng) and Wealth Track Technology Limited (Sugito Walujo).

ARTO's shares were at IDR 2,580 at 14.30 WIB, fluctuating in the green zone a week since the MESOP conversion was completed last week (15/1). (LK/LM)