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20240913_KDSI_Laporan Informasi dan Fakta Material_31725692_lamp2.pdf
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DISCLOSURE OF INFORMATION ON THE STOCK SPLIT PLAN
This Disclosure of Information is prepared in compliance with Regulation of Financial
Services 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
Office:
Jl. Mastrip no 862 Warugunung
Karangpilang Surabaya - 60221
Phone: 031 7661971
Email: corsec@kedawungsetia.com
Website: www.kedawungsetia.com
THIS DISCLOSURE OF INFORMATION IS ISSUED IN CONNECTION WITH THE COMPANY’S
PLAN TO CONDUCT A STOCK SPLIT (“STOCK SPLIT”) WITH THE 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 (“IDX”) NUMBER: KEP-00044/BEI/04-2024
REGARDING RULE NUMBER I-I ON STOCK SPLIT AND REVERSE STOCK SPLIT BY LISTED
COMPANIES ISSUING EQUITY SECURITIES. IN CONNECTION WITH THE STOCK SPLIT, THE
COMPANY WILL SEEK APPROVAL FROM THE SHAREHOLDERS AT THE EXTRAORDINARY
GENERAL MEETING OF THE COMPANY’S SHAREHOLDERS (“EGMS”) WHICH WILL BE
CONVENED ON OCTOBER 23, 2024.
THE INFORMATION AS CONTAINED IN THIS INFORMATION DISCLOSURE IS IMPORTANT
FOR THE COMPANY’S SHAREHOLDERS TO READ AND NOTE. IF YOU EXPERIENCE
DIFFICULTY UNDERSTANDING THE INFORMATION AS CONTAINED IN THIS INFORMATION
DISCLOSURE PLEASE CONSULT WITH A LEGAL ADVISOR, PUBLIC ACCOUNTANT,
FINANCIAL ADVISOR OR THE PROFESSIONAL ADVISORS.
This Disclosure of Information is issued in Surabaya, September 13, 2024
INFORMATION ON SHARES CLASSIFICATION
According to the Company’s Articles of Association as implied in Deed Number 17 dated 19
August 2020 made by Siti Nurul Yuliami, S.H., M.Kn., Notary in Surabaya, which has obtained
approval from the Minister of Law and Human Rught of the Republic of Indonesia with a Decree
Number AHU-0059462.AH.01.02.TAHUN 2020 dated 31 August 2020 and has been registered in
the Company Register Number AHU-0142975.AH.01.11.TAHUN 2020 dated 31 August 2020 and
has been announced in the State Gazette of the Republic of Indonesia Number 12513/2021,
Article 4 Paragraph 1, The authorized capital of this Company is IDR 300,000,000,000 (three
hundred billion rupiah) which is divided into 600,000,000 (six hundred million) shares, each share
has a nominal value of IDR 500,- (five hundred rupiah).
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Article 4 Paragraph 2, of the authorized capital, 67.5% (sixty seven point five percent) or
405,000,000 (four hundred and five million) shares or IDR 202,500,000,000 (two hundred two
billion five hundred million rupiah) which has been taken by the shareholders, with details and
nominal value of the shares stated at the end of the deed.
That the Company plans to Stock Split with a ratio of 1:4 for all of the Company’s shares. Thus,
the nominal value of the shares and the number of shares before and after the Stock Split are as
follows:
Shares Before Stock Split After Stock Split
Nominal value of share IDR500,00 per share IDR125,00 per share
Number of shares issued and fully 405.000.000 1.620.000.000
paid
Total authorized share capital of the 600.000.000 2.400.000.000
Company
DATE OF PRINCIPLE APPROVAL FROM THE IDX FOR THE STOCK SPLIT PLAN
In accordance with POJK 15/2022, in connection with Stock Split, the Company has obtained
approval in principle from IDX as stated in Letter No S-08672/BEI.PP3/08-2024 dated 15 August
2024.
REASONS AND OBJECTIBES OF STOCK SPLIT
The reasons and objectives for carrying out the Stock Split are as follows:
1. Increase the number of shares;
2. Lowering the share price per share to make more affordable without losing their value;
3. Easier to attract the interest of many investors to choose as an investment asset;
4. Increase share liquidity.
STOCK SPLIT IMPLEMENTATION FORECAST
Aktivitas Tanggal
Application for the principle approval of the Stock Split to the IDX 09 August 2024
IDX principle approval 15 August 2024
Notification of the EGMS agenda to OJK 06 September 2024
EGMS announcement and disclosure of information regarding Stock 13 September 2024
Split
EGMS invitation 01 October 2024
EGMS 23 October 2024
Submission of application to IDX on the listing of additional shares 25 October 2024
resulting from Stock Split
Disclosure of Information 01 November 2024
The last trading date of shares with the old nominal value in reguler and 06 November 2024
negotiable markets
The start date for trading shares with a new nominal value on the 05 November 2024
regular and negotiable markets
The start date of stock trading at the new nominal value on the cash 07 November 2024
market
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INFORMATION REGARDING THE IMPLEMENTATION OF THE EGMS
The Stock Split will be implemented after obtaining approval from the EGMS which is planned to
be convened on 23 October 2024. In accordance with POJK 15/2022, the Stock Split must be
carried out no later than 30 calendar days after the EGMS which approves the Stock Split plan. In
the event that the deadline falls on a holiday, the Stock Split will be carried out no later than the
following working day.
OTHER INFORMATION
1. The Company does not issue equity securities other than shares;
2. Taking into account POJK 15/2022, the Stock Split plan does not use a share valuation report;
3. The Company does not have any corporate action plan that will affect the number of shares
and/or the Company's capital which will be carried out within 6 (six) months after the date of
the Stock Split.
BOARD OF DIRECTORS STATEMENT
The Company's Board of Directors is fully responsible for the accuracy of all information
contained in this Disclosure of Information
KORESPONDENSI
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 Warugunung
Karangpilang Surabaya - 60221
Phone: 031 7661971
Email: corsec@kedawungsetia.com
Website: www.kedawungsetia.com
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Financial Services Authority
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Siti Nurul Yuliami
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Minister of Law and Human Rught
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