RAJA Plans 1:5 Stock Split as Share Price Touched Rp4,170

PT Rukun Raharja Tbk (RAJA) is planning a 1:5 stock split to enhance trading liquidity and share price affordability. The plan was disclosed to the Indonesia Stock Exchange (IDX) on 10 June 2026. The company will seek shareholder approval at an Extraordinary General Meeting of Shareholders (RUPSLB) on 23 June 2026.

Under the proposal, the nominal share value would change from Rp25 to Rp5 per share. The number of issued and fully paid shares would increase from 4.23 billion to 21.14 billion shares. The company received in-principle approval from the IDX on 5 May 2026.

RAJA explained that one of the main reasons for the stock split is that its share price has reached a relatively high level. Based on the closing price on 12 May 2026, RAJA shares were recorded at Rp4,170 per share, making the minimum investment for one lot less affordable for some retail investors. The company believes this step can broaden its investor base and boost share trading activity.

According to the schedule provided by the company, the distribution of stock split shares is expected to take place on 16 July 2026, following RUPSLB approval. The first day of trading with the new nominal value is also scheduled for the same date. The company stated it has no plans for corporate actions affecting the number of shares or capital within six months after the stock split is executed.

For investors, a stock split does not change the investment value or the company’s market capitalisation. However, the number of outstanding shares will increase, theoretically lowering the price per share. Such conditions generally aim to increase transaction frequency and broaden investor participation in the market.

RAJA also emphasised that the stock split does not negatively affect the company’s financial position. In trading on 9 June 2026, RAJA shares closed at Rp3,300 per share with a market capitalisation of approximately Rp13.95 trillion. The company hopes that improved liquidity and a wider investor base will support more orderly, fair, and efficient share trading in accordance with capital market regulations.

Summary of RAJA Stock Split

Issuer: RAJA

Stock split ratio: 1:5

Old nominal value: Rp25 per share

New nominal value: Rp5 per share

Shares before stock split: 4,227,082,500

Shares after stock split: 21,135,412,500

IDX in-principle approval: 5 May 2026

RUPSLB: 23 June 2026

Estimated execution: 16 July 2026

Closing price 12 May 2026: Rp4,170

Closing price 9 June 2026: Rp3,300