Coal Logistics Issuer Secures Shareholder Approval for Stock Split

PT RMK Energy Tbk (RMKE) has obtained shareholder approval to execute a corporate action in the form of a stock split with a ratio of 1:5 during an Extraordinary General Meeting of Shareholders (EGMS) held on Friday (26/6).

Through this action, the Company’s nominal share value will change from the original Rp100 per share to Rp20 per share as part of an effort to increase trading liquidity and expand investor access within the capital market. This strategic move previously received principle approval from the Indonesia Stock Exchange (IDX) via letter No.S-05357/BEI.PPI/05-2026 dated 8 May 2026.

The Company’s Independent Commissioner, Frederikus Saud Tamba Tua, emphasised that the split of the nominal share value will not have a negative impact on the company’s financial condition. “We emphasise that this split of the nominal share value has no negative impact on the company’s financial condition,” he stated in an official release.

In line with this decision, the EGMS 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, an increase from the previous 14 billion shares. Meanwhile, the placed and fully paid-up capital remains at 31.25% of the authorised capital, consisting of 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 the stock split implementation in accordance with capital market regulations.

Frederikus noted that through this stock split, the number of outstanding shares will increase, which is expected to improve RMKE’s trading liquidity and make transaction activities 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 investors trading the company’s shares, which will ultimately strengthen our shareholding structure,” he said.

Previously, the company disclosed its plan for the stock split on 20 May 2026, in compliance with Financial Services Authority (OJK) regulations. Moving forward, the company will execute 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 the Musi 2 Kramasan Port via an 8-kilometre hauling route. In addition to logistics services, the company also operates a coal sales segment sourced from its own mine, PT Truba Bara Banyu Enim (TBBE), group mines, and third parties through pit-mouth purchase schemes.