Investor Relations Home
PGN (PGAS:IJ) is the leading IDX listed natural gas distribution and transportation player in Indonesia. PGN continues to strengthen its position in the market by gradually transforming into an integrated energy solution company, encouraging the use of natural gas.
PGAS is engaged in upstream oil and gas, midstream and downstream fields across the Indonesian peninsula. PGAS owns and operates natural gas pipelines in excess of more than 10,000km in total length, covering c. 96% of the national natural gas pipeline network. PGAS’ upstream portfolios consist of 11 oil and gas blocks across the country, and 1 shale gas in Houston, US. PGAS has 2 FSRU’s (Lampung & West Java) and land-based regasification facility in Arun. PGAS, through its downstream entities, serves more than 2,000 industrial and commercial customers.
PGAS become subsidiary of PT Pertamina (Persero) since 11 March 2018 as part of Government of Indonesia’s Oil & Gas Holding initiatives. With the acquisition of 51% stake in PT Pertamina Gas (and its subsidiaries) on 28 December 2018, PGAS has officially been the Gas Sub-holding Company.
Management and Employee Stock Option Plan (MSOP/ESOP)
By the end of 2007, the amount of Company’s shares was increased from 218,898,805 (two hundred eighteen million eight hundred ninety eight thousand eight hundred and five) shares to 4,539,885,805 (four billion five hundred thirty nine million eight hundred eighty thousand eight hundred and five) shares as a result of Government’s loan conversion to Company and the Management Stock Option Plan (MSOP). On January 15 to February 14, 2008, exercise window of the Employee Stock Option Plan (ESOP) recorded 54,012,338 (fifty four million twelve thousand three hundred thirty eight) stock option rights which were distributed. From those amount, it was recorded 53,551,388 (fifty three million five hundred fifty one thousand three hundred eighty eight) stock options executed and generated new Series B shares amounting to 53,551,388 (fifty three million five hundred fifty one thousand three hundred eighty eight) shares. Therefore, the total number of the Company’s shares increased to 4,593,437,193 (four billion five hundred ninety three million four hundred thirty seven thousand one hundred and ninety three) shares. In addition, after the expiry of ESOP, in 2008 a stock split was also undertaken; this changed the number of the Company’s shares.
Based on the Extraordinary General Meeting of Shareholders of PT Perusahaan Gas Negara (Persero) Tbk which was held in Jakarta on June 13, 2008, the PGAS stock split with a ratio of 1 (one) share with nominal of Rp500 (five hundred rupiah) per share exchanged with 5 (five) shares with nominal of Rp100 (one hundred rupiah) per share, thus the number of shares which originally was 4,593,437,193 (four billion five hundred ninety three million four hundred thirty seven thousand one hundred and ninety three) shares increased to 22,967,185,965 (twenty two billion nine hundred sixty seven million one hundred eighty five thousand nine hundred sixty five) shares. The fractions of new shares were effective on the Indonesia Stock Exchange on August 4, 2008. In 2019, Persero did not conduct stock split.
Based on the Extraordinary General Shareholders Meeting of PT Perusahaan Gas Negara (Persero) Tbk, held in Jakarta on December 22, 2008, the Company repurchased the outstanding shares of 1,850,000 (one million eight hundred fifty thousand) shares on October 24, 2008. With share buyback, at the end of 2008 the Company has 1,850,000 (one million eight hundred fifty thousand) shares as Treasury Shares and the total number of outstanding shares of 22,967,185,965 (twenty two billion nine hundred sixty seven million one hundred eighty five thousand nine hundred sixty five) shares. As of the end of 2009, the Company’s total shares increased by 1,274,322,231 (one billion two hundred seventy four million three hundred twenty two thousand two hundred thirty one) shares, as a result of the Government’s debt conversion to the Company on April and October 2009, -bringing the total number of the Company’s shares to 24,241,508,196 (twenty four billion two hundred forty one million five hundred eight thousand one hundred and ninety six) shares. In 2019, Persero did not conduct buyback of share.
Investor Relations Policies and Activities
As a publicly listed company, and in line with our aspiration to be world class, PGN fully supports the principles of disclosure and transparency in all our activities, particularly those of a material nature, and delivers balanced, factual information promptly through email, conference calls, briefings and reports to the general and specialist media, and here on our website.
As well as submitting reports to the Financial Services Authority (OJK) and the Indonesia Stock Exchange (IDX), PGN regularly engages analysts and investors through forums such as public presentations, analysts' meetings, analysts' visits and site visits, as well as participating in conferences and road shows.