Announcement of Schedule and Procedure for Stock Split

May 25, 2022
SHARE Facebook Twitter

ANNOUNCEMENT

SCHEDULE AND PROCEDURE FOR STOCK SPLIT

PT HARUM ENERGY TBK.

 

Based on the Extraordinary General Meeting of Shareholders (“EGMS”) of PT Harum Energy Tbk. (the “Company”) held on Wednesday, 11 May 2022, the following matters have been resolved:

  1. the implementation of the Company’s stock split (“Stock Split”) with the ratio of 1:5, such that 1 (one) share of the Company currently with a nominal value of Rp100,- (one hundred Rupiah) will be split into 5 (five) shares, each with a nominal value of Rp20,- (twenty Rupiah); and
  2. the amendment of Article 4 paragraph 1 and paragraph 2 of the Company’s Article of Association in relation to the Stock Split,

which resolutions are as stated in Deed of Statement of Resolutions of the EGMS of the Company Number 02 dated 11 May 2022, made before Andalia Farida, S.H., M.H., Notary in Central Jakarta and have been notified to the Ministry of Law and Human Rights based on Receipt of Notification Letter Number AHU- AH.01.03-0238050 dated 17 May 2022.

The Company intends to implement the Stock Split based on the following Stock Split’s schedule and procedure:

No.

Description

Date

1.

Announcement of the Stock Split Implementation Schedule on the Indonesia Stock Exchange’s website and the Company’s website

25 May 2022

2.

End of trading of shares with the old nominal value in Regular Markets and Negotiated Markets

31 May 2022

3.

Start of trading of shares with the new nominal value in Regular Markets and Negotiated Markets

2 June 2022

4.

End of the settlement period for share transactions with the old nominal value in Regular Markets and Negotiated Market

3 June 2022

5.

Record Date for determining the Shareholders who are eligible for the result of the Stock Split (“Recording Date”)

3 June 2022

6.

Suspension of trading in Cash Market for 2 (two) exchange days

2 – 3 June 2022

7.

Start of trading of shares with the new nominal value in Cash Market

6 June 2022

 

 

 

 

 

 

 

 

 

Remarks:

  1. For the Company’s shareholders whose shares are placed in the collective custody of KSEI, the Stock Split will be implemented based on the balance in the securities account of each shareholder at the end of trading of shares in the Indonesia Stock Exchange on 3 June 2022. Then, on 6 June 2022, the shares with the new nominal value after Stock Split will be distributed through the sub-securities account of each shareholder.
  2. For shareholders whose shares are not in KSEI collective custody or whose shares remain in script form, the Stock Split application will begin on 6 June 2022 by delivering the original Collective Share Certificate under the name of the relevant shareholder and copy of identity of the shareholder to the Securities Administration Bureau of the Company, PT Datindo Entrycom, having its address at Jl. Hayam Wuruk No.28, Central Jakarta, 10120, Telp. +62 21-3508077, Email: corporatesecretary@datindo.com.

Jakarta, 25 May 2022

PT Harum Energy Tbk.

Board of Directors