IDX to Auction 11 Board Membership Seats; Note the Dates and Requirements

The Indonesia Stock Exchange (IDX) will once again hold an auction for Exchange shares. This time, there are 11 Exchange shares set to be auctioned in October 2026.

According to the IDX announcement, 11 Exchange shares that have not yet been issued or have been repurchased by the Exchange will be auctioned. These shares can only be transferred through the Exchange share auction mechanism.

The auction will be held openly on Thursday, 1 October 2026, at 14:00 WIB, located in the Main Meeting Room of the IDX, IDX Tower 1, 6th Floor, Jakarta. The IDX is also providing an online auction option for registered participants.

However, not all securities firms are eligible to participate in the auction immediately. The IDX has stipulated that every auction participant must first meet the requirements of an Exchange Member in accordance with the provisions of Exchange Regulation No. III-A regarding Exchange Membership.

Securities firms interested in participating in the auction must submit a written application to the IDX, attaching a confirmation letter from the Exchange to conduct the purchase of Exchange shares. These applications must be received no later than 22 September 2026, at 17:00 WIB.

The IDX also emphasised that the auction will not be held if no securities firms submit applications to participate by the specified deadline.

This provision refers to Exchange Regulation No. III-H regarding the Auction and Repurchase of Exchange Shares. If there are no prospective participants submitting applications, the IDX will not conduct the auction of Exchange shares on the first trading day of the month.