EMAS: Free Float Contracts to 25.73 % in September 2026 as Controlling Shareholder Adds 60.89 Million Shares

Bulletin Express
Oct 12

PT Merdeka Gold Resources Tbk (IDX: EMAS; HK: 06228) has filed its Monthly Report of Securities Holders Registration for the period ended 30 September 2026. The filing shows a higher concentration of ownership and a corresponding reduction in public float.

Total share capital • Issued and fully-paid shares remained unchanged at 14.73 billion.

Major shareholdings • PT Merdeka Copper Gold Tbk, the controlling shareholder, increased its stake by 60.89 million shares during the month to 9.55 billion, lifting its ownership from 64.42 % to 64.83 %. • JPMCB-DR FBO HDR, the only other holder above the 5 % threshold, reduced its position by 5.00 million shares to 927.77 million, lowering its stake from 6.33 % to 6.30 %.

Insider ownership • Directors and commissioners continue to own 717.84 million shares, representing 4.87 % of issued capital. There were no reported changes in September.

Free float dynamics • Shares recognised by the Indonesia Stock Exchange (IDX) as free float fell to 3.79 billion, equal to 25.73 % of issued capital. This is a 219.78 million-share decline from August, when free float stood at 27.22 %. • No treasury shares are outstanding.

Investor base • The number of shareholders with Single Investor Identification (SID) codes rose to 36,767, an increase of 4,097 over the month.

Compliance statement The board affirms that the report complies with IDX Listing Regulations I-A and I-V regarding free-float calculations and disclosure standards.

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