Bank Permata Still Seeking Strategy to Comply with 15 Per Cent Free Float Requirement

Jakarta – PT Bank Permata Tbk is still seeking a strategy to fulfil the obligation to meet the minimum threshold for public shareholding, or free float, of 15 per cent.

Rudy Basyir Ahmad, Finance Director and Sharia Business Unit at Bank Permata, stated that the company, together with Bangkok Bank as the controlling shareholder, is discussing the appropriate steps to meet this requirement.

“Permata Bank, with Bangkok Bank as our parent, continues to seek efforts to comply with this requirement,” said Rudy during a public exposure at the bank’s headquarters in Jakarta on Thursday (12 March 2026).

Currently, Bank Permata’s public shareholding stands at 9.97 per cent.

The minimum free float requirement is part of a capital market reform being prepared by the exchange regulator. Rudy explained that the regulation on increasing free float is still relatively new, so the company is still monitoring developments in its implementation in the capital market.

Because of this, Bank Permata has not set a target timeline to meet the threshold.

“Permata Bank continues to monitor the dynamics and development of existing capital market policies, including the increase in free float to 15 per cent. Since the regulation is also still new, we will continue to monitor its developments,” he said.

The exchange will conduct socialisation with listed companies regarding the obligation to meet the minimum 15 per cent free float requirement.

The company has several options to meet this requirement. The steps that can be taken include share divestment by the controlling shareholder, rights issues, or other corporate actions that increase the number of shares in circulation among the public.

“It could be through a divestment scheme, rights issues, or other corporate actions that make it possible to increase the free float of listed companies,” said a spokesperson.