- PT Bursa Efek Indonesia (Indonesian Stock Exchange – "IDX") recently issued Circular No. SE-00023/BEI/12-2021 on the Addition of Special Notations for Listed Companies ("Circular"), which repeals and replaces Circular No. SE-00017/BEI/07-2021, which bore the same title.
- In general, no significant changes have been made as regards the requirement to include special notations with the codes of listed companies. However, as listed companies are now able to implement multiple voting shares, the IDX has now added a new special notation that applies specifically to companies that decide to implement said multiple voting shares.
- The special notation that now applies in relation to listed companies that decide to implement multiple voting shares comprises the letter "N", which should be included with the relevant company codes commencing from the listing date of the relevant shares until listed companies decide to no longer implement multiple voting shares. The special “N” notation should be included based upon an announcement made by the IDX and should be removed based upon information presented by the relevant companies through IDXnet.
- The Circular comes into force on 31 January 2022.
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