Initial listing fee: Annual Listing Fee
38 JSX Fact Book 2007
• Particularly for the Prospective Listed Company whose nature of business needs more time to reach a break
even point such as : infrastructure, hard plants plantation, concession of the Forest Management Rights or Industrial Plantation or other line of business which relates to the public services, obtain operating profit and
net profit at the 6
th
financial years maximum.
Requirements of the Listing of Additional Shares
Additional shares derived from the ESOPMSOP can be listed at the JSX upon fulfillment of the following requirements:
1. The implementation period of ESOPMSOP is no more than twice in a year. The plan of the ESOPMSOP
implementation must be reported to the Exchange 5 five Exchange Days before the date of the ESOPMSOP implementation.
2. The price of the ESOPMSOP implementation should be at least 90 of the average closing price of the Listed
Company’s share, during twenty-five 25 Exchange Days in the Regular market, before reporting to the Exchange as referred to in Provision 1 above.
3. The ESOPMSOP has been approved by the General Shareholders’ Meeting.
Transfer of Board
It is possible for listed companies to move from the Development Board to the Main Board. The requirements of the transfer are as folows:
1. The company has not made any changes with regard to its core business, at least during the last 36 thirty-
six months. 2.
The Audited Financial Statement obtain an Unqualified Opinion for the last 2 two financial years; 3.
The company has Net Tangible Asset at least Rp 100 billion; 4.
The company is not exposed under a condition and or occurrence and or lawsuitlegal case which has materially adverse effect to the going concern of the Listed Company.
Procedures for the transfer : 1.
Submit an application of transfer of board to the JSX , completed with evidences of requirements fulfillment of the transfer of board;
2. The transfer of board shall be conducted by the Exchange every April and October.
Listing Fees