Implement Long-Term Incentive Program, Three Directors Of Saratoga Owned By Conglomerate Edwin Soeryadjaya Get Millions Of SRTG Shares

Illustration. (Photo: Unsplash)

JAKARTA - PT Saratoga Investama Sedaya Tbk is distributing SRTG shares to its directors. This is part of the company's long-term incentive program.

The decision was stated in a letter signed by the Legal Division and the Corporate Secretariat of Saratoga Juan Akbar Indraseno through information disclosure to the Indonesia Stock Exchange, quoted Wednesday, July 6.

According to this information, one of the directors of the company owned by conglomerate Edwin Soeryadjaya who received the SRTG shares was Michael WP Soeryadjaya, who served as president director of Saratoga. Michael acquired 850,800 shares of SRTG at a price of IDR 2,430.

That way, the total value of shares that Michael got reached Rp2.07 billion. This amount also makes Michael's share ownership in Saratoga increase to 4 million shares (0.03 percent) from the previous 3.15 million shares (0.023 percent).

Besides Michael, there is the name of Lani Djuwita Wong who serves as director. At the same price, Lani obtained 1.46 million SRTG shares, which is equivalent to Rp3.55 billion.

Lani's share ownership in Saratoga also increased from the previous 932,500 shares (0.01 percent) to 2.39 million shares (0.02 percent).

Devin Wirawan, who also serves as director of Saratoga, also received a share of 1.76 million at a price of IDR 2,430 or IDR 4.29 billion.

Devin's share ownership also rose from 2.29 million (0.02 percent) to 4.06 million (0.03 percent).

According to Juan, the transaction for the distribution of shares to the three directors will take place on July 1, 2022.