Listed On The Main Board Of The Stock Exchange, Adhi Commuter Initial Stock Trading Starts Today

JAKARTA - Stock investors should be prepared. Today (Wednesday, 23 February) is the inaugural day for trading shares of PT Adhi Commuter Properti Tbk (ADCP).

The Indonesia Stock Exchange has approved the listing of ADCP shares through a letter signed by the Head of IDX's Corporate Valuation Division 3 Goklas Tambunan and the Head of IDX's Trading Operations and Regulatory Division Irvan Susandy, Tuesday 22 February.

In detail, the number of shares listed was 22.22 billion shares. It consists of 20 billion founder shares and 2.22 billion shares offered to the public.

On this first day, ADCP shares will be listed on the main trading board at a price of IDR 130 per share.

As is known, with a price of IDR 130 per share and the number of shares issued is 2.22 billion or equivalent to 10 percent of the total issued and paid-up capital. Thus, the company has the potential to reap funds of IDR 288.89 billion.

Along with this IPO, Adhi Commuter held a Management and Employee Stock Option Program (MESOP) for a maximum of 2 percent of the total issued and fully paid capital. This program is a form of appreciation for the achievement of employee performance.