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20240715_LPGI_Keterbukaan Informasi terkait Aksi Korporasi_31684191_lamp2.pdf
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INFORMATION DISCLOSURE TO THE SHAREHOLDERS OF
PT LIPPO GENERAL INSURANCE Tbk
REGARDING THE STOCK SPLIT PLAN
(“INFORMATION DISCLOSURE”)
THIS INFORMATION DISCLOSURE IS PREPARED BY PT LIPPO GENERAL INSURANCE Tbk
IN COMPLIANCE WITH FINANCIAL SERVICES AUTHORITY REGULATION NUMBER
15/POJK.04/2022 ON STOCK SPLITS AND STOCK MERGERS BY PUBLIC COMPANIES (“POJK
15/2022”)
PT LIPPO GENERAL INSURANCE Tbk
(“Company”)
Domiciled in Jakarta, Indonesia
Business Activity:
Engaged in General Insurance
Head Office:
Lippo Kuningan Building 27th Floor Unit A & F
Jl. H.R. Rasuna Said Kav. B-12
Jakarta 12940
Phone: (021) 525 6161
email:corporate.secretary@lgi.co.id
website: www.lgi.co.id
Operational Head Office:
Karawaci Office Park Blok I No. 30-35
Lippo Village, Tangerang 15139
Phone: (021) 5579 0683
IN CONNECTION WITH THE COMPANY’S STOCK SPLIT PLAN (“STOCK SPLIT”), THE
COMPANY WILL SEEK APPROVAL FROM THE SHAREHOLDERS THROUGH AN
EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS (“EGMS”) WHICH WILL BE
HELD ON AUGUST 21, 2024. THE ANNOUNCEMENT FOR THE EGMS WILL BE ISSUED ON
JULY 15, 2024 AND THE INVITATION TO THE EGM WILL BE ISSUED ON JULY 30, 2024.
THE INFORMATION AS STATED IN THIS INFORMATION DISCLOSURE IS IMPORTANT TO
READ AND NOTE BY COMPANY'S SHAREHOLDERS. IF YOU MEET ANY DIFFICULTIES IN
UNDERSTANDING THE INFORMATION STATED IN THIS INFORMATION DISCLOSURE, YOU
CAN CONSULT WITH A LEGAL ADVISOR, PUBLIC ACCOUNTANT, FINANCIAL ADVISOR OR
OTHER PROFESSIONALS
AFTER CONDUCTING A CAREFUL RESEARCH, THE BOARD OF DIRECTORS CONFIRM
THAT THE INFORMATION STATED IN THIS INFORMATION DISCLOSURE IS CORRECT AND
THERE ARE NO MATERIAL AND RELEVANT IMPORTANT FACTS WHICH ARE NOT
DISCLOSED OR MISSED THAT MAY CAUSE THE INFORMATION PROVIDED IN THIS
INFORMATION DISCLOSURE TO BE INCORRECT AND/OR MISLEADING.
This Information Disclosure is issued in Jakarta, on July 15, 2024
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I. DEFINITIONS
IDX : means PT Bursa Efek Indonesia or Indonesia Stock
Exchange
Information Disclosure : means the information disclosed by the company as
contained in this announcement
OJK : means the Financial Services Authority, an
independent state institution that has the functions,
duties and authority of regulation, supervision,
inspection and investigation, the successor to
Bapepam-LK as reffered to in the Law of the
Republic of Indonesia Number 21 of 2011 dated
November 22, 2011 on Financial Services Authority
as amended by UUPPSK whose functions, duties
and authorities include the regulation and
supervision of financial services activities in the
banking, capital market, insurance, pension funds,
financing institutions and other financial services
institutions. Since December 31, 2012, the
functions, duties and authority to regulate and
supervise financial services activities in the Capital
Markets sector have shifted from Bapepam and LK
to OJK, in accordance with Article 55 of the OJK
Law.
Company : means PT Lippo General Insurance Tbk, a public
limited liability company incorporated under and
subject to the laws of the Republic of Indonesia
POJK 15/2020 : means OJK Regulation Number 15/POJK.04/2020
on the Planning and Implementation of General
Meeting of Shareholders of Public Companies
POJK 15/2022 : means OJK Regulation Number 15/POJK.04/2022
on Stock Splits and Stock Mergers by Public
Companies
EGMS : means the Extraordinary General Meeting Of
Shareholders of the Company
Stock Split : means the Company’s stock split plan as described
in section II and section III of this Information
Disclosure
II. INTRODUCTION
The information as stated in this Information Disclosure is conveyed to the shareholders of the Company
to provide complete information and description in connection with the Company’s plan to carry out a
Stock Split.
The Company plans to carry out Stock Split and seek shareholders’ approval during the EGMS, which
will be held on Wednesday, August 21, 2024.
III. DESCRIPTION OF THE STOCK SPLIT PLAN
1. REASON AND OBJECTIVE OF THE STOCK SPLIT
The Company’s reason and objective to conduct a Stock Split are as follows:
• To increase the liquidity of the Company’s share in Indonesia Stock Exchange
• To fulfil the requirement of ‘free float’ in accordance to Indonesia Stock Exchange Regulation No.I-A
• Stock Split will make the Company's share price more affordable for individual investors. Therefore,
it can increase the number of investors trading company’s shares
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2. CLASSIFICATION OF SHARES
In accordance with the Company’s Articles of Association as last amended in the Deed of Declaration
of Meeting Resolutions No. 4 dated July 10, 2023 made before Notary Stephanie Wilamarta, SH. The
deed has been approved by the Minister of Law and Human Rights of the Republic of Indonesia based
on Decision No. AHU-0040930.AH.01.02 Year 2023 regarding the Approval of Amendments to the
Articles of Association of PT Lippo General Insurance Tbk dated July 18, 2023, which has been
registered in the Company Register under the Company Law No. 40 of 2007 No. AHU-
0135068.AH.01.11 Year 2023 dated July 18, 2023. The Acceptance of Notification of Amendments to
the Articles of Association of PT Lippo General Insurance Tbk No. AHU-AH.01.03-0092939 dated July
15, 2023, regarding the Acceptance of Notification of Amendments to the Articles of Association of
PT Lippo General Insurance Tbk has also been registered in the Company Register No. AHU-
0135068.AH.01.11 Year 2023 dated July 15, 2023. The deed has received the Acceptance of
Notification of Company Data Changes No. AHU-AH.01.09-0141147 dated July 15, 2023, and has been
registered in the Company Register No. AHU-0135068.AH.01.11 Year 2023 dated July 15, 2023.
The Company currently only has 1 (one) series of shares with a nominal value of Rp500 (five hundred
Rupiah) per share. Each shareholder has the same voting rights, where one share is entitled to one
voting rights.
3. DETAILS OF THE STOCK SPLIT
The Stock Split will be carried out with the following details:
Type of Shares Common Shares
Stock Split Ratio 1 : 10
Number of shares before Stock Split 300.000.000 shares
Number of shares after Stock Split 3.000.000.000 shares
Nominal value of shares before Stock Split Rp500 per share
Nominal value of shares after Stock Split Rp50 per share
The following is a detailed table of changes in capital, before and pro-forma after the implementation of
the Stock Split based on the Company's Shareholders Register as of June 30, 2024, which is
administered by the Share Administration Bureau of PT Sharestar Indonesia, as follows:
Before Stock Split After Stock Split
Nominal Value Nominal Value
Information Number of @Rp500 per Number of @Rp50 per
% %
Shares share shares share
(Rp) (Rp)
Authorized Capital 350.000.000 175.000.000.000 3.500.000.000 175.000.000.000
Share Capital
PT Hanwha Life Insurance
Indonesia 178.392.700 89.196.350.000 59,46 1.783.927.000 89.196.350.000 59,46
PT Inti Anugerah Pratama 69.000.000 34.500.000.000 23,00 690.000.000 34.500.000.000 23,00
Hanwha General Insurance
Co.Ltd 44.700.000 22.350.000.000 14,90 447.000.000 22.350.000.000 14,90
Public 7.907.300 3.953.650.000 2,64 79.073.000 3.953.650.000 2,64
Total Share Capital 300.000.000 150.000.000.000 100,00 3.000.000.000 150.000.000.000 100,00
Unissued shares 50.000.000 25.000.000.000 500.000.000 25.000.000.000
4. IMPACT OF STOCK SPLIT ON THE NUMBER AND EXERCISE PRICE OF EQUITY SECURITIES
OTHER THAN SHARES THAT HAVE YET TO BE CONVERTED INTO SHARES
As of the date of this Information Disclosure, the Company has not issued equity securities other than
shares that can be converted into shares.
IV. IDX PRINCIPLE APPROVAL
In accordance with POJK 15/2022, in relation to the Stock Split, the Company has received principal
approval from the IDX based on its letter No. S-07085/BEI.PP2/07-2024 dated July 10, 2024.
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V. GENERAL MEETING OF SHAREHOLDERS
In connection with the Stock Split, the Company plans to hold EGMS as follows:
Day, Date : Wednesday, August 21, 2024
Time : 10.00 A.M. Western Indonesia Time – finished
Place : Will be announced in the notice of the EGMS
The EGMS will be held in accordance with the provisions as stipulated in POJK 15/2020.
EGMS in relation to the agenda of Stock Split may be convened if attended by shareholders or their
proxies representing at least 2/3 (two-thirds) of the total shares with valid voting rights issued by the
Company. Meanwhile, the resolutions of the EGMS in relation to the Stock Split shall be valid if
approved by more than 2/3 (two-thirds) of the total shares with valid voting rights present or represented
at the EGMS.
Shareholders who are entitled to attend or to be represented in EGMS are those whose names are
registered in the Shareholders Register of Company as administered by PT Sharestar Indonesia, the
Securities Administration Bureau, at the end of the stock trading session on Monday, July 29, 2024.
VI. PLANNED SCHEDULE OF THE STOCK SPLIT AND EGMS
The following are the important dates scheduled planned for the implementation of the Stock Split and
EGMS:
No Activities Date
1. Application for Stock Split Principal approval from IDX June 12, 2024
2. Submission of EGMS agenda to OJK July 3, 2024
3. Stock Split Principal Approval obtained from IDX July 11, 2024
Submission of Revised Date for the Extraordinary General Meeting of
4. July, 12, 2024
Shareholders (EGMS) to the Financial Services Authority (OJK)
5. EGMS announcement July 15, 2024
6. Information Disclosure regarding the Stock Split July 15, 2024
7. Recording date EGMS July 29, 2024
8. Invitation to the EGMS July 30, 2024
9. EGMS August 21, 2024
Submission of application for share registration with a new nominal
10. September 3, 2024
value
Information Disclosure regarding the implementation of Stock Split to
11. September 10, 2024
OJK
End of trading of shares with old nominal value in regular market and September 13, 2024
12.
negotiation market
13. Stock Split Effective September 17, 2024
Beginning of trading with new nominal value in Regular Market and September 17, 2024
14.
Negotiation Market
15. Stock trading suspension in Cash Market begin September 17, 2024
16. Stock trading suspension in Cash Market end September 18, 2024
17. Beginning of trading with new nominal value in Cash Market September 19, 2024
VII. OTHER CORPORATE ACTION PLAN
The Company does not have a plan to undertake any corporate actions affecting the number of shares
and/or the Company’s capital within 6 (six) months after the date of the Stock Split implementation.
VIII. THE STATEMENT OF THE BOARD OF DIRECTORS AND THE BOARD OF
COMMISSIONERS
The Board of Directors and the Board of Commissioners of the Company are fully responsible for the
accuracy of all information contained in this Information Disclosure and state that they have fully
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disclosed the material facts and there are no other material facts that are not included, which could
provide a misleading understanding in connection with the Stock Split.
IX. ADDITIONAL INFORMATION
To obtain additional information in connection with the Stock Split, shareholders of the Company may
contact the Corporate Secretary of the Company, during working days and hours, to the following
address:
Corporate Secretary
PT Lippo General Insurance Tbk
Lippo Kuningan Building 27th Floor Unit A & F
Jl. H.R. Rasuna Said Kav. B-12
Jakarta 12940
Phone : (021) 525 6161
email: corporate.secretary@lgi.co.id
website: www.lgi.co.id
Jakarta, July 15, 2024
Board of Directors of the Company
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Names mentioned 14 people and organisations named in the text · linked when the evidence is strong
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FINANCIAL SERVICES AUTHORITY
p.1 ×4
unresolved
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Indonesia Stock Exchange
p.2 ×3
unresolved
org
Bapepam-LK
p.2 ×2
unresolved
org
Bapepam
p.2 ×2
unresolved
person
Notary Stephanie Wilamarta
p.3
unresolved
org
Minister of Law and Human Rights
p.3
unresolved
org
PT Sharestar Indonesia
p.3 ×2
unresolved
org
PT Inti Anugerah Pratama
p.3
unresolved
org
Hanwha General Insurance Co.Ltd
p.3
unresolved
org
Hanwha General Insurance
Co.
p.3
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