Coal Logistics Issuer Secures Shareholder Approval for Stock Split

PT RMK Energy Tbk (RMKE) obtained shareholder approval to carry out a corporate action in the form of a stock split with a ratio of 1:5 during an Extraordinary General Meeting of Shareholders (RUPSLB) on Friday (26/6). Through this action, the company’s nominal share value will change from Rp100 per share to Rp20 per share as part of efforts to increase share trading liquidity and broaden investor access in the capital market. This strategic move had previously received in-principle approval from the Indonesia Stock Exchange (BEI) via letter No. S-05357/BEI.PPI/05-2026 dated 8 May 2026. The company’s Independent Commissioner, Frederikus Saud Tamba Tua, affirmed that the stock split would not have a negative impact on the company’s financial condition. ‘We affirm that this stock split has no negative impact on the company’s financial condition,’ he said in an official statement. In line with this decision, the RUPSLB also approved amendments to the company’s articles of association. The company’s authorised capital is now set at Rp1.4 trillion, divided into 70 billion shares, up from the previous 14 billion shares. Meanwhile, the issued and fully paid-up capital remains at 31.25 percent of the authorised capital, or 21,875,000,000 shares, with a total nominal value of Rp437.5 billion. The meeting also granted full authority to the company’s Board of Directors to determine the schedule and procedures for implementing the stock split in accordance with capital market regulations. Frederikus stated that through this stock split, the number of outstanding shares will increase, which is expected to improve RMKE’s share trading liquidity and make transaction activity on the Indonesia Stock Exchange more active. RMKE’s Finance Director, Edwin Tedjasukmana, added that the move is also designed to make RMKE’s share price more affordable for retail investors. ‘With a more competitive price, we hope to increase the number of investor bases transacting in the company’s shares, which will ultimately strengthen our share ownership structure,’ he said. Previously, the company had submitted information disclosure regarding the stock split plan on 20 May 2026 as a form of compliance with Financial Services Authority (OJK) regulations. The company will subsequently carry out all stages of the stock split according to a schedule to be determined and announced to the public once all administrative requirements are met. Established on 22 June 2009, RMKE is an integrated coal logistics service provider with railway-based infrastructure. The company’s logistics services include a 38-kilometre hauling route connecting mining areas to the Gunung Megang Loading Station, continuing to unloading facilities at Simpang Station. From Simpang Station, coal is transported to Musi 2 Kramasan Port via an 8-kilometre hauling route. In addition to logistics services, the company also has a coal sales segment sourced from its own mine, PT Truba Bara Banyu Enim (TBBE), mines within the group, and third parties through mine-mouth purchase schemes.