Siloam Hospitals, This Hospital Owned By Mochtar Riady Conglomerate Wants A 1:8 Stock Split

Siloam Hospitals. (Foto: Dok. Siloam Hospitals)

JAKARTA - The hospital company owned by Mochtar Riady conglomerate, PT Siloam International Hospitals Tbk (SILO) summoned its shareholders to hold an EGMS on March 22, 2022. This EGMS is related to the stock split plan.

"Those who are entitled to attend and vote at the Meeting are the Shareholders or their legal proxies whose names are registered in the Company's Register of Shareholders on February 25, 2022, until 16.00 WIB", said management in information disclosure on the Indonesia Stock Exchange website ( IDX), quoted Tuesday, March 1st.

The company will split its shares at a ratio of 1:8, so the shares which previously had a nominal value of IDR 100 per share become IDR 12.5 per share. Thus, the number of outstanding shares will increase to 13,006,125,000 shares after the exercise compared to the number of shares before the exercise of 1,625,765,625 shares.

This Stock Split aims to increase the liquidity of the Company's stock trading on the Indonesia Stock Exchange (IDX).

By the provisions of Article 17 of the Financial Services Authority (OJK) Regulation No.15/POJK.04/2020 concerning the Plan and Organizing of the General Meeting of Shareholders of a Public Company and Article 18 paragraph (2) of the Company's Articles of Association, the Board of Directors of the Company submits an invitation to the Shareholders that the Extraordinary General Meeting of Shareholders (EGMS) will be held electronically (without the physical presence of the Shareholders).

The meeting will be held on Tuesday, March 22, 2022, from 10.00 – 12.00 WIB at the Aryaduta Hotel Tangerang.