ISAT – Approves 1:4 Stock Split

ISAT – Approves 1:4 Stock Split Indosat Ooredoo Hutchison (ISAT) has announced that its EGMS has approved a proposed stock split with a ratio of 1:4. President Director Vikram Sinha explained that this corporate action reflects ISAT's commitment to creating value for all stakeholders. He stated in an official release on Tuesday that by increasing the accessibility and liquidity of ISAT’s shares, they aim to invite more people to participate in Indosat's vision. ISAT will implement a stock split with a ratio of 1:4 for all Series B shares, reducing the nominal value from IDR100 per share to IDR25. The nominal value of Series A shares will remain unchanged. Consequently, the number of Series B shares recorded will increase substantially from 8.1 bn shares to 32.3 bn shares, enhancing market accessibility and liquidity. The last trading date of shares with the old nominal value in all markets at 11 October 2024 (cum date). Effective date for the implementation of the Stock Split at 14 October 2024 (ex date). In recent positive developments, ISAT has received an upgrade in outlook from Stable to Positive by Fitch, while maintaining its credit rating of AA+(idn). Additionally, Pefindo has awarded ISAT a rating of idAAA (Stable). (Source: Bisnis Indonesia) Comment : We strongly support this stock split, which aims to increase trading volume, liquidity, and accessibility of ISAT shares, particularly for retail investors. As a reminder, ISAT was added to the LQ45 Index at the beginning of 2024, reflecting its solid financial health and promising growth potential, which have led to high trading activity and value in the capital market.