Stock Listing History

Chronology of Company’s Stock Listing

The Company listed its shares on the Surabaya and Jakarta Stock Exchanges on September 8, 1993. In the initial public offering, according to the letter of approval of the Capital Market Supervisory Agency no. S-1322 / PM / 1993, the company listed 6,000,000 shares with the nominal value of Rp1,000 per share to the public. The total issued and paid share capital at the time was Rp 37,800,000,000.

In 1996, the par value was changed from Rp1,000 to Rp500 per share. In 2005, there was a conversion of outstanding loans to shares, which increased the issued and paid-up capital to 690,740,500 shares with a par value of Rp500 per share, bringin the total paid up capital to Rp345,370,250,000.

In 2006, a quasi-reorganization of the company’s equity was held, bringin the par value of shares to Rp100 per share, and total paid-up capital to Rp69,074,050,000.

On December 15, 2016, the Company conducted an Extraordinary General Meeting (EGM) of Shareholders, to buy back Company shares with the total not exceeding 10% of the issued and fully paid share capital. The repurchased shares will be released back into the market in 3 years, to increase stock liquidity and investor confidence. With the stock buyback program, the value of stocks in the market will be more attractive and reflect the fundamental value of the company.

Chronology Listing of Bonds and Other Effects

Bond Issuance

Since the Company’s establishment until now, the company had never issued any bonds, sukuk, or other securities. The Company only registered shares when the company listed on the Indonesia Stock Exchange on September 8, 1993.

During the year 2022, the company did not issue bonds, sukuk or convertible bonds. The Company had not needed bonds for corporate financing or other interests, so the company did not have bonds, sukuk or convertible bonds that were still outstanding in the last 2 (two) fiscal years.

Listing of Other Securities

In 2022, the Company did not issue other securities.