Emtek Directors Exercise MESOP Options, Boosting Company Funds by Rp 38.06 Billion

Private Placement Details

PT Elang Mahkota Teknologi Tbk (EMTK) has successfully raised Rp 38.06 billion through a private placement of 34.7 million new shares at Rp 1,097 per share as part of its Management and Employee Stock Option Program (MESOP) on December 17, 2025. This corporate action resulted in the company's total shares outstanding increasing to 61.43 billion shares.

Directors' Participation

The MESOP was exercised by the company's directors, with Jay Geoffrey Wacher being one of the notable participants. Wacher acquired 17 million shares, increasing his total shareholding in EMTK to 71.95 million shares, representing 0.11% of the company's total shares. Prior to this transaction, Wacher held 54.95 million shares, or 0.09% of the company.

Strategic Implications

This transaction demonstrates the company's commitment to aligning management interests with shareholder value through its employee stock option program. The successful execution of the MESOP also highlights the confidence of EMTK's management in the company's future prospects. The additional capital raised will potentially support EMTK's strategic initiatives and business expansion plans.