Itsec Asia (CYBR) Stock Split at 1:2 Ratio; Management Reveals Rationale

PT Itsec Asia Tbk (CYBR) has announced a stock split plan at a 1:2 ratio. Initial trading of shares with the new nominal value in the regular market and negotiation market is scheduled for 26 May 2026. The plan remains pending approval from the General Meeting of Shareholders (RUPS) on 16 April 2026.

This corporate action is being undertaken to enhance liquidity and make shares more affordable by adjusting the nominal value from Rp25 to Rp12.50 per share and doubling the number of outstanding shares to 13.43 billion.

Based on the disclosed plan, the stock split will be executed at a 1:2 ratio. With this ratio, the number of company shares will increase from 6,713,711,540 shares to approximately 13,427,423,080 shares. The share nominal value will also be adjusted from Rp25 per share to Rp12.50 per share.

The company has confirmed that the stock split will not alter shareholder rights or ownership value, as the adjustment of share quantity and price is undertaken proportionally.

Regarding this corporate action, the Indonesia Stock Exchange (BEI) has granted approval in principle through a letter dated 24 February 2026. The company subsequently submitted the extraordinary shareholders’ meeting agenda to the Financial Services Authority (OJK) on 3 March 2026.

Shareholders entitled to attend or be represented at the extraordinary shareholders’ meeting are those recorded in the Share Register at the end of trading on 17 March 2026. The extraordinary shareholders’ meeting announcement was made on 10 March 2026, with meeting notice scheduled for 25 March 2026.