PSP issues bonus shares

JAKARTA (JP): PT Putra Surya Perkasa (PSP), a publicly-listed property developer, announced yesterday its plan to issue two-for-three bonus shares to its existing shareholders.

The company stated that the bonus shares would be issued from the agio, the share price premium obtained during the company's initial public offering.

Three existing shares entitle shareholders to receive two bonus shares, the company stated, adding that it would also distribute a cash dividend of Rp 55 (2.5 U.S. cents) per share for the 1994 book year.(hen)