BMRI - Will carry out a stock split with a ratio of 1:2

Bank Mandiri (BMRI) will carry out a stock split with a ratio of 1:2. The corporate action was carried out to increase the trading liquidity of BMRI's shares on the stock exchange. On the same occasion, BMRI Management also said that this step was taken to expand the distribution of the company's share ownership. After the stock split, the number of BMRI shares will increase to 128 bn shares. Currently, the number of BMRI shares is recorded at 64 bn shares. BMRI management will seek approval from shareholders at the Extraordinary General Meeting of Shareholders (EGMS). The meeting agenda is scheduled for 14 March 2023. Meanwhile, the start of share trading with a new nominal value is targeted to start 12 April 2023. (Source : IDN Financials)