Indosat Official Stock Split 1:4

Photo: Doc. Indosat Ooredoo Hutchison

JAKARTA - Indosat Ooredoo Hutchison (ISAT) or IOH officially stock split with a ratio of 1:4. This decision has received approval from shareholders at the Extraordinary General Meeting of Shareholders (EGMS) which was held on Tuesday, September 24 yesterday.

The Stock split will be done with a ratio of 1:4 for all Series B shares, which will change the nominal value from Rp100 per share to Rp25, while the nominal value of Series A shares remains the same. Thus, the number of recorded Series B shares will increase significantly from 8,062,702,740 shares to 32,250,810,957 shares, thereby increasing market accessibility and liquidity.

President Director and CEO of Indosat Ooredoo Hutchison (ISAT)mengatakan, stock split tersebut menunjukkan komitmen perseroan dalam menciptakan nilai bagi seluruh pemangku kepentingan. Dengan meningkatkan keterjangkaan dan likuiditas saham, perseroan mengajak lebih banyak masyarakat untuk menjadi bagian dari visi Indosat.

"Our goal is more than financial growth, but about empowering individuals and encouraging inclusive economic growth throughout Indonesia," he explained in a written statement.

This stock split, saidLAd, is in line with Indosat's great goal in empowering Indonesia. The company remains committed to utilizing the latest telecommunications services to encourage digital transformation in the country.

By connecting the community and supporting entrepreneurship, Indosat plays an important role in presenting technological solutions that enrich lives across the country.

Furthermore, Indosat recently experienced an increase in outlooks from 'STAbil' to Positive' by international rating agencies, Fitch, and maintained AA+(idn) credit ratings.

The company also received an idAA (STAbil) rating from Pefindo. In early 2024, ISAT entered the LQ45 Index as one of the most liquid shares on the Indonesia Stock Exchange (IDX). This reflects solid financial conditions and excellent growth prospects, with high transaction and frequency values in the Indonesian capital market.