Ensure Compliance with 15 Percent Free Float Requirement, Superbank Boss: We're Not in a Hurry

JAKARTA - PT Super Bank Indonesia Tbk (SUPA) has assured that it will adhere to the regulation increasing the public float of shares to a minimum of 15 percent.

Superbank’s President Director, Tigor M. Siahaan, stated that the company will follow the rules set by the Financial Services Authority (OJK) and the Indonesia Stock Exchange (BEI) in accordance with the given deadline.

This policy is considered to have a positive impact on the company. A larger portion of public shares is seen as encouraging liquidity and expanding investor participation.

“We are aware that at the time of our IPO, this regulation did not yet exist, and we will follow it in accordance with the applicable provisions,” he said during a press conference in Jakarta on Monday (27/4/2026).

“Up to now, we are indeed not in a hurry to chase the new regulation; there is a sufficient timeline, and plenty of time has been given by the OJK,” he added.

The company has not yet disclosed the scheme it will use to increase the free float portion.

The policy to raise the minimum free float limit from 7.5 percent to 15 percent emerged after the transparency of Indonesia’s capital market was highlighted by Morgan Stanley Capital International (MSCI) in February.

BEI’s Director of Company Ratings, I Gede Nyoman Yetna, previously stated that this policy is part of capital market reforms.

BEI will conduct socialisation to listed companies regarding this obligation.

“It can be through divestment schemes, rights issues, or other corporate actions that allow for increasing the free float of listed companies,” Nyoman told reporters on Thursday evening (12/3/2026).