INDY should refloat PTRO shares this week
Thursday, August 25 2011 - 03:39 AM WIB
INDY is obliged to refloat at least 20 percent of PTRO shares in order to increase the outstanding shares held by the public within two years after its acquisition of the company in 2009.
As reported, in July, 2009, INDY acquired 81.9 percent of PTRO shares from Clough International and in September in the same year it bought another 16.6 percent from the public through a public offer.
According to the dateline, the refloat should be carried out in August 28, 2011.
?We have so far tried to fulfill all the capital market regulations related to the refloat of PTRO shares,? said Imelda Triana, INDY?s Senior Manager for External Communications. Imelda said that the refloat of PTRO shares would be a priority for INDY. But she did not elaborate.
INDY said earlier that it would first split PTRO shares with a ratio of 1:10 before the refloat in order to make the shares more affordable in the market. As of August 16, PTRO shares were traded at Rp 35,000 per share. INDY acquired the PTRO shares at Rp 10,402 per share. (giok)