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20240315_ASRM_Keterbukaan Informasi terkait Aksi Korporasi_31596834_lamp2.pdf
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DISCLOSURE OF INFORMATION
IN CONNECTION OF STOCK SPLIT
THIS DISCLOSURE OF INFORMATION IS MADE AND ISSUED IN ORDER TO COMPLY
WITH THE REGULATION OF THE FINANCIAL SERVICES AUTHORITY NO.
15/POJK.04/2022 CONCERNING STOCK SPLIT AND REVERSE STOCK SPLIT BY PUBLIC
PT Asuransi Ramayana Tbk.
(“the Company”)
Business Activity:
Conventional General Insurance
Head Office :
Jalan Kebon Sirih No 49
Menteng
Jakarta 10340
Telpon: 021-31937148
Email: corsec@asuransiramayana.co.id
Website: www.asuransiramayana.co.id
This Disclosure of Information is issued in Jakarta on March 15, 2024
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INFORMATION TO THE SHAREHOLDERS
IN RELATION TO STOCK SPLIT PLAN
PT Asuransi Ramayana Tbk. (the “Company”) plans to conduct a Stock Split (the “Stock Split”)
with reference to Regulation of the Financial Services Authority (OJK) of the Republic of
Indonesia No. 15/POJK.04/2022 on Stock Split and Reverse Stock Split by Public Companies
(the “POJK No. 15/2022”). The Stock Split plan is conducted in order to increase demand for the
Company's shares by expanding the investor base and fulfilling Provisions V.1.1 of Regulation
of the Stock Exchange No. I-A regarding provisions on the number of free float shares. Stock
Split is conducted with a split ratio of 1:4. Shareholder approval for the Stock Split will be
proposed at the Extraordinary General Meeting of Shareholders (GMS) of the Company which
will be held on 23 April 2024.
STOCK SPLIT RATIO
The Company plans to conduct a Stock Split with a ratio of 1 (one) existing share to 4 (four) new
shares (ratio 1:4)
Classification of Share Ordinary Share
Ratio of Stock Split 1:4
Numbers of Shares before the Stock Split 304,283,840 shares
Nominal Value before the Stock Split Rp. 500.00 per share
Numbers of Shares after the Stock Split 1,217,135,360 shares
Nominal Value after the Stock Split Rp. 125.00 per share
PRINCIPAL APPROVAL FROM THE STOCK EXCHANGE
FOR THE STOCK SPLIT PLAN
The Company has submitted a Request for Principal Approval for the Plan of the
Implementation of Stock Split upon the Company's shares to PT Bursa Efek Indonesia
(Indonesian Stock Exchange) through Company Letter No. 0275/DIR/Corp.Sec/II/2924 dated 19
February 2024. Based on this request, the Company has received principal approval from PT
Bursa Efek Indonesia (Indonesian Stock Exchange) as stated in its Letter No. S-02081/BEI-
PP3/02-2024 dated 26 February 2024.
AIMS AND OBJECTIVES OF THE STOCK SPLIT
The aims and objectives for carrying out the Stock Split are as follows:
1. The Company's main objective in carrying out the Stock Split is to increase demand for the
Company's shares by expanding the investor base.
2. Stock Split will cause the Company's share price to become more affordable for individual
(retail) investors. This will increase the number of investors who can conduct transactions on
the Company's shares.
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3. The number of Company shares after the Stock Split will increase, this will increase the
trading liquidity of the Company's shares so that trading of the Company's shares on the
Stock Exchange will be more active.
4. The Company can fulfill Provisions V.1.1 of Stock Exchange Regulation No. I-A regarding
provisions on the number of free float shares.
ESTIMATED IMPLEMENTATION OF STOCK SPLIT
Activity Dated
Request for Principal Approval to BEI 19 February 2024
Principal Approval from BEI 26 February 2024
Notification to OJK regarding the plan of GMS by
05 March 2024
attaching the Principal Approval from BEI
Announcement of GMS and Disclosure of Indonesian
15 March 2024
regarding the plan of Stock Split
Recording Date of Shareholders who have the right to
28 March 2024
attend the GMS
Date of Invitation of GMS 01 April 2024
GMS 23 April 2024
Brief of Minutes of GMS 25 April 2024
Request for listing of additional shares on the Indonesian
07 May 2024
Stock Exchange for shares resulting from the Stock Split*
Announcement of Stock Split Implementation Schedule
on the Stock Exchange (Disclosure of Information 16 May 2024
regarding Corporate Action)*
End of trading in shares with the previous nominal value
21 May 2024
in the Regular Market and Negotiated Market*
Stock Exchange Announcement:* Theoretical Price of
21 May 2024
Shares
Stock Exchange Announcement:* Elimination of Trading
27 – 28 May 2024
on the Cash Market
Implementation of Stock Split* 22 May 2024
Start trading shares on the Regular Market and
22 May 2024
Negotiated Market with the new nominal value*
Start trading shares on the Cash Market at the new
28 May 2024
nominal value*
*) Estimation
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INFORMATION ON THE CONVENING OF GMS
The Stock Split will be conducted by the Company after obtaining approval from the GMS.
Shareholder approval for the Stock Split, along with approval of the Amendment to the Articles of
Association, will be proposed at the Company's Extraordinary GMS which will be held on 23
April 2024 on the Agenda for Approval of the Stock Split and Amendments to Article 4 of the
Articles of Association of the Company on Capital.
INFORMATION
1. The Company does not issued other than shares.
2. Regarding to POJK No. 15/2022, this Stock Split plan does not use share valuation reports.
BOARD OF DIRECTORS’ STATEMENT
The Board of Directors of the Company declares that they are responsible for the accuracy of
the information contained in this Disclosure of Information.
CORRESPONDENCES
Shareholders who require additional information may contact the Company during business
hours at the following address:
Corporate Secretary
PT Asuransi Ramayana Tbk
Jalan Kebon Sirih No. 49
Menteng
Jakarta 10340
Telephone: 021-31937148
Email: corsec@asuransiramayana.co.id
Website: www.asuransiramayana.co.id
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FINANCIAL SERVICES AUTHORITY
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