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20241104_KDSI_Keterbukaan Informasi terkait Aksi Korporasi_31752762_lamp1.pdf
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DISCLOSURE OF INFORMATION ON THE IMPLEMENTATION OF STOCK SPLIT
This Disclosure of Infomation is prepared in compliance with Article 24 of Regulation of Financial
Service Authority of Republic of Indonesia No. 15/POJK.04/2022 regarding Stock Split and Reverse
Stock Split by Public Companies
PT Kedawung Setia Industrial Tbk
Line of Business:
Pulp, Paper and Enamel Coated
Head Office:
Jl. Mastrip no 862
WarugunungKarangpilang
Surabaya - 60221
Telepon: 031 7661971
Email: corsec@kedawungsetia.com
Website: www.kedawungsetia.com
THIS DISCLOSURE OF INFORMATION IS ISSUED IN CONNECTION WITH THE IMPLEMENTATION OF
A STOCK SPLIT ("STOCK SPLIT") WITH REFERENCE TO THE FINANCIAL SERVICES AUTHORITY (OJK)
REGULATION OF THE REPUBLIC OF INDONESIA NO. 15/POJK.04/2022 CONCERNING STOCK SPLIT
AND REVERSE STOCK SPLIT BY PUBLIC COMPANIES ("POJK 15/2022") AND DECISION LETTER OF
BOARD OF DIRECTORS OF PT BURSA EFEK INDONESIA NUMBER: KEP-00044/BEI/04-2024
REGARDING RULE NUMBER I-I ON STOCK SPLIT AND REVERSE STOCK SPLIT BY LISTED COMPANIES
ISSUING EQUITY SECURITIES (“IDX REGULATION I-I”).
THE INFORMATION AS CONTAINED IN THIS DISCLOSURE OF INFORMATION IS IMPORTANT FOR
THE COMPANY'S SHAREHOLDERS TO READ AND NOTE. IF YOU EXPERIENCE DIFFICULTY
UNDERSTANDING THE INFORMATION AS CONTAINED IN THIS DISCLOSURE OF INFORMATION
PLEASE CONSULT WITH A LEGAL ADVISOR, PUBLIC ACCOUNTANT, FINANCIAL ADVISOR OR OTHER
PROFESSIONAL.
This Disclosure of Information is issued in Surabaya, November 01, 2024
INTRODUCTION
Referring to Article of POJK 15/2022, the Company is required to disclose information prior to
implementing the Stock Split that has been approved by General Meeting of Shareholders and to
submit this information to the OJK. This Stock Split was approved by the Company’s shareholders in
the Extraordinary General Meeting of Shareholders (“EGMS” or “Meeting”) held on October 23,
2024. In order to comply with Article 19 of POJK 15/2022, the Company already announced
information regarding the planned of Stock Split along with the EGMS announcement on September
13, 2024. In connection with the Stock Split, the Company already obtained preliminary approval
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from PT Bursa Efek Indonesia (“IDX”) as per letter No. S-08672/BEI.PP3/08-2024 dated August 15,
2024.
APPROVAL OF EGMS
The EGMS of the Company on October 23, 2024 approved the implementation of the Stock Split as
follows:
The meeting decided to accept and approve the Company to carry out a Stock Split as follows:
1. Stock Split with a ratio of 1:4;
2. The nominal value of share will be IDR125 per share;
3. The number of issued and fully paid shares is 1,620,000,000 (one billion six hundred twenty
million) shares;
4. The number of shares in the Company’s authorized capital is 2,400,000,000 (two billion four
hundred million) shares.
Related to the implementation of the Stock Split will be carried out and implemented by the
Company’s Directors in accordance with the existing regulations. That after the Stock Split, Article 4
Paragraph 1 and Article 4 Paragraph 2 of the Company’s Articles of Association changed to become
as follows:
Article 4 Paragraph 1 and 2
1. The Authorized Capital of this Company is IDR 300,000,000,000.00 (three hundred billion rupiah)
which is divided into 2,400,000,000 (two billion four hundred million) shares, each share has a
nominal value of IDR125.00 (one hundred and twenty-five rupiah).
2. From the authorized capital, 67.5% (sixty seven point five percent) or 1,620,000,000 (one billion
six hundred and twenty million) shares or IDR202,500,000,000.00 (two hundred two billion five
hundred million rupiah) have been placed and paid up which have been taken by the
shareholders, with details and nominal value of the shares mentioned in the deed.
- The composition of Shareholders after taking part and paying in full in cash through the
Company's cash by the shareholders is as follows:
1. PT KITASUBUR UTAMA, a total of 1,271,567,200 (one billion two hundred seventy one
million five hundred sixty seven thousand two hundred) shares with a total nominal
value of IDR158,945,900,000.00 (one hundred fifty eight billion nine hundred four
twenty-five million nine hundred thousand rupiah).
2. The public, a total of 348,432,800 (three hundred forty eight million four hundred thirty
two thousand eight hundred) shares.
So the total amount is 1,620,000,000 (one billion six hundred and twenty million) shares or
IDR202,500,000,000.00 (two hundred two billion five hundred million rupiah).
The meeting gives authority to the Company's Directors with the right of substitution to make
meeting decisions for this purpose, appear before authorized officials where necessary, provide
information, make and sign the necessary letters/deeds, in short, do whatever is deemed
appropriate to resolve the matter.
Amendments to Article 4 Paragraphs 1 and 2 of the Company's Articles of Association have been
included in Deed No. 20 dated October 25, 2024 made before Siti Nurul Yuliami, S.H., Notary in
Surabaya. Notification of changes to the Company's Articles of Association has been received by the
Minister of Law and Human Rights of the Republic of Indonesia as stated in Letter No. AHU-
AH.01.03-0204846 dated October 28, 2024.
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STOCK SPLIT RATIO, NOMINAL SHARE VALUE AND INFORMATION ON THE NUMBER OF SHARES
Based on the EGMS approval as explained above, the Stock Split is conducted for all shares of the
Company at a ratio of 1 (one) share into 4 (four) shares. With the implementation of the Stock Split,
the nominal value and the number of shares before and after the Stock Split are as follows:
Shares Before the Stock Split After the Stock Split
Nominal value IDR500 per share IDR125 per share
Number of issued and fully 405.000.000 share 1.620.000.000 share
paid shares
Number of shares authorized 600.000.000 share 2.400.000.000 share
capital
APPROVAL FOR THE LISTING OF ADDITIONAL SHARES
In accordance with Article 7 Paragraph 1 and 2 of POJK 15/2022 and provision IV.9 of IDX Regulation
I-I, IDX approved the Company’s application for the listing of additional shares resulting from the
Stock Split as stated in Letter No. S-11260/BEI.PP3/10-2024 dated October 29, 2024.
SCHEDULE AND PROCEDURES OF STOCK SPLIT IMPLEMENTATION
Below are the schedule and procedures for the Stock Split:
Activities Date
Implementation and approval EGMS Oktober 23, 2024
Application for listing of shares to IDX and announcement of the Oktober 25, 2024
summary of EGMS minutes
Disclosure of information November 01, 2024
The last date of trading shares with the old nominal value in all November 06, 2024
markets
The start date for trading shares with a new nominal value in the November 07, 2024
reguler and negotiable markets
The start date for trading shares with a new nominal value in the cash November 11, 2024
market
Procedures for implementing the Stock Split:
1. For shareholders of the Company whose shares are held in the collective custody of the
Indonesian Central Securities Depository (KSEI), the implementation of the Stock Split will be
based on the balance of each shareholder’s securities account on November 08, 2024.
Subsequently, on November 11, 2024, shares with the new nominal value resulting from the
Stock Split will be distributed through the respective shareholders sub accounts.
2. For shareholders whose shares are not in the collective custody of KSEI or whose shares are still
in physical certificate form, requests for the Stock Split can be made starting from November 07,
2024 by submitting the original Collective Share Certificate in the name of the shareholder and
a photocopy of the shareholder’s identification to the Company’s Share Administration Bureau,
namely:
PT Sinartama Gunita
Gedung Menara Tekno Lt. 7
Jl. H. Fachrudin No. 19
Kebun Sirih – Tanah Abang
Jakarta Pusat
Telepon: + 62 21 392 3003
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CORRESPONDENCE
Shareholders who require additional information may contact the Company during business hours at
the following address:
Corporate Secretary
PT Kedawung Setia Industrial Tbk
Jl. Mastrip no 862
WarugunungKarangpilang
Surabaya - 60221Telepon:
031 7661971
Email: corsec@kedawungsetia.com
Website: www.kedawungsetia.com
Names mentioned 7 people and organisations named in the text · linked when the evidence is strong
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FINANCIAL SERVICES AUTHORITY
p.1
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person
Siti Nurul Yuliami
· Notaris
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Minister of Law and Human Rights
p.2
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person
H. Fachrudin
p.3
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