INVESTOR RELATIONS

Stock & Shares

Access details regarding MAPI’s shares and its listing history.

The Company’s total share of 1,660,000,000 was listed on the Indonesia Stock Exchange on 10th November 2004, with initial offer price of Rp625 per share. Listing of stock was based on effective notice from the Chairman of the Capital Market Supervisory Agency (currently Financial Service Authority) through letter No. S-1681/BEJ.PSJ/11-2004 dated 8th November 2004.

The total number of shares of the Company since its listing on the Indonesia Stock Exchange until 31st December 2024 is 16,600,000,000 shares. The Company carried out a stock split from Rp500 to Rp50 per share effective per starting date of stock trading in the regular market and negotiated market, which is on the 4th of June 2018. Upon the stock split, the amount of Company’s shares is as follow:

The global economic downturn has affected the decline in global stock indices, including IDX Composite Index. To safeguard the value of shares and the capital market amidst fluctuating sentiments, the Company initiated a Share Buyback program of its own shares listed on the Indonesia Stock Exchange. This action aligns with the Financial Services Authority Regulation No. 02/POJK.04/2013 dated 23rd August 2013, regarding the Repurchase of Shares Issued by Issuers or Public Companies in Significant Fluctuating Market Conditions, and the Financial Services Authority Circular Letter No. 22/SEOJK.04/2015 dated 21st August 2015, concerning Other Conditions as Significant Fluctuating Market Conditions in Implementing the Repurchase of Shares Issued by Issuers or Public Companies, with an allocation of funds up to Rp116,200,000,000 (one hundred and sixteen billion two hundred million Rupiah), approximately 2% of the fully paid-up capital in the Company. The buyback was carried out from 1st October 2015 to 30th December 2015, with a total of 6,308,200 shares repurchased (or 63,082,000 shares after a stock split with a ratio of 1:10). The average purchase price was Rp3,303.6108 per share (or Rp330.36108 per share after stock split), totalling Rp20,864,845,305 (including transaction costs).

Based on the Financial Services Authority Regulation No. 2/POJK.04/2013 (“POJK 2/2013”) jo. the Financial Services Authority Regulation No. 29 Year 2023 (“POJK 29/2023”), the Company announced the transfer/selling period for the purchased shares, with the following information:

1. The Company appointed PT BRI Danareksa Sekuritas to sell the shares.
2. The Company must complete the transfer of shares resulting from the buyback by 21st February 2025.
3. The number of shares to be sold is up to 60,386,600 (sixty million three hundred eighty- six thousand six hundred) shares. It is important to note that from 1st January 2019 up to 31st January 2019, the Company transferred/sold 2,695,400 shares.
4. The mechanism for the transfer/selling of these shares will be based on POJK 2/2013 jo. POJK 29/2023.

There is no ownership of the Company’s shares by the Board of Commissioners or the Board of Directors.

Aside from PT Satya Mulia Gema Gemilang, which owns 51% of the Company’s shares, there is no other shareholder that owns 5% of our shares.

Note:
Members of the Board of Commissioners and Board of Directors of the Company have no affiliation with fellow members of the Board of Commissioners and Board of Directors. However, one Director, Mr. Handaka Santosa is affiliated with MAP’s controlling shareholders.

On 16th December 2009, the Company issued Mitra Adiperkasa I Bonds Year 2009 with fixed interest rate and Sukuk Ijarah Mitra Adiperkasa I Year 2009, with total amount of Rp364,000,000,000. Both Bonds and Sukuk Ijarah were issued in 2 series; A Series matured in 3 years with 12.25% fixed interest rate per annum, and B Series matured in 5 years with 13% fixed interest rate per annum. Bonds and Sukuk Ijarah were listed on the Indonesia Stock Exchange. In relation to the issuance of Bonds and Sukuk, the Company underwent a rating process conducted by domestic rating agency, PT Pemeringkat Efek Indonesia (PEFINDO) which resulted in the following rating accordingly: idA+ (Single A plus; Stable Outlook) and idA+(Sy) (Single A plus Syariah; Stable Outlook). All proceedings attained from this Bonds and Sukuk Ijarah emission were used for Company’s early repayment of syndicated loan Tranche B amounting to USD16,500,000 and JPY3,477,000,000, which matured on 8th June 2010.

Acting as the Underwriters for these Bonds and Sukuk Ijarah emission were PT Danareksa Sekuritas, PT HSBC Securities Indonesia, PT Indo Premier Securities and PT Standard Chartered Securities Indonesia. PT Bank CIMB Niaga Tbk was also appointed as Trustee in this issuance of Bonds and Sukuk Ijarah. The Bonds and Sukuk Ijarah for A Series and B Series were fully paid on 16th December 2012 and 16th December 2014, respectively.

On 12th December 2012, the Company issued new bonds – Mitra Adiperkasa Sustainable Bonds I Phase I Year 2012 with total nominal amount of Rp500 billion. The Bonds were issued in 2 Series; A Series amounting Rp53 billion matured in 3 years with 7.95% fixed interest rate per annum, and B Series amounting Rp447 billion matured in 5 years with 8.45% fixed interest rate per annum. Proceeds from the offering allowed MAP to repay its principal Bonds and Sukuk Ijarah A Series which matured on 16th December 2012 – as well as for meeting the Company’s working capital requirements.

For the Bonds issuance, the Bonds received ‘idAA-‘ (double A minus) rating from domestic rating agency, PT Pemeringkat Efek Indonesia (PEFINDO). Acting as the Underwriters for these Bonds emission were PT Indo Premier Securities and PT Mandiri Sekuritas. PT Bank CIMB Niaga Tbk was also appointed as Trustee in this issuance of Bonds. The Mitra Adiperkasa Sustainable Bonds I Phase I Year 2012 for A Series, amounting Rp53 billion was fully paid on 12th December 2015, and The Mitra Adiperkasa Sustainable Bonds I Phase I Year 2012 for B Series, amounting Rp447 billion was fully paid on 12th December 2017.

On 20th February 2014, the Company issued new bonds – Mitra Adiperkasa Sustainable Bonds I Phase II Year 2014 with total amount of Rp650 billion. The Bonds were issued in 2 Series; A Series, amounting to Rp370 billion, matured in 3 years with 10.9% fixed interest rate per annum, and B Series amounting to Rp280 billion matured in 5 years with 11.5% fixed interest rate per annum. The entire proceeds from the offering will be used to repay some of the Company’s bank loans in attempt to reduce the company’s creditors, made in accordance to the Payment Schedule for each loan. For the issuance, the Bonds have received ‘idAA-‘ (double A minus) rating from domestic rating agency, PT Pemeringkat Efek Indonesia (PEFINDO). Acting as the Underwriters for this Bonds emission were PT Indo Premier Securities and PT Mandiri Sekuritas. PT Bank CIMB Niaga Tbk was also appointed as Trustee in this issuance of Bond. The Mitra Adiperkasa Sustainable Bonds I Phase II Year 2014 for A Series, amounting Rp370 billion was fully paid on 20th February 2017, and The Mitra Adiperkasa Sustainable Bonds I Phase II Year 2014 for B Series, amounting Rp280 billion was fully paid on 20th February 2019.

Acting as the Underwriters for this Bonds emission were PT Indo Premier Securities and PT Mandiri Sekuritas. PT Bank CIMB Niaga Tbk was also appointed as Trustee in this issuance of Bond. The Continuous Bonds Mitra Adiperkasa I Phase III Year 2014 for Series A, amounting Rp150 billion, was fully paid on 19th September 2017.

On 19th September 2014, the Company issued new bonds – Mitra Adiperkasa Sustainable Bonds I Phase III Year 2014 with total amount of Rp350 billion. The Bonds were issued in 2 Series; A Series, amounting Rp150 billion matured in 3 years with 10.3% fixed interest rate per annum, and B Series amounting Rp200 billion matured in 5 years with 10.9% fixed interest rate per annum. The entire proceeds from the offering will be used to repay some of the Company’s bank loans, made in accordance with the Payment Schedule for each loan. For the Bonds issuance, the Bonds have received ‘idAA-‘ (double A minus) rating from domestic rating agency, PT Pemeringkat Efek Indonesia (PEFINDO).

Based on the Rating Assessment made by PT Pemeringkat Efek Indonesia (PEFINDO) per 12th September 2018 of Mitra Adiperkasa Sustainable Bonds I Phase II Year 2014 B Series amounting Rp280 billion, with 5-year maturity and 11.5% per annum. For the issuance, the Bonds have received ‘idAA‘ (double A), and based on the Rating assessment made by PEFINDO per 10th September 2019 of Mitra Adiperkasa Sustainable Bonds I Phase III Year 2014 B Series amounting Rp200 billion, with 5-year maturity and 10.9% per annum, the Bonds have received ‘idAA’ (double A) rating.

The Continuous Bonds Mitra Adiperkasa I Phase II Year 2014 for Series B, amounting Rp280 billion was fully paid on 20th February 2019, and The Continuous Bonds Mitra Adiperkasa I Phase III Year 2014 for Series B, amounting Rp200 billion was fully paid on 19th September 2019.

The Company has not undertaken any corporate action for 2024.

In 2024, the Company did not experience any suspension or delisting due to sanctions from the IDX.

Currently, MAP does not offer any Employee Stock Ownership Plan (ESOP) and Management Stock Ownership Plan (MSOP).