ITSEC Asia plans 1:2 stock split to boost liquidity
ITSEC Asia has proposed a 1:2 stock split that would double its outstanding shares and halve the nominal value per share, aiming to widen investor access and improve trading liquidity.
The Indonesian cybersecurity firm, which trades on the Indonesia Stock Exchange under the ticker CYBR, said the split would raise outstanding shares to about 13.43 billion from about 6.71 billion. The nominal value per share would fall to Rp12.50 from Rp25.
The proposal still requires shareholder approval at an Extraordinary General Meeting of Shareholders on 16 April 2026. The meeting will require a quorum of at least two-thirds of total issued shares and approval by more than two-thirds of the shares present or represented.
Trading mechanics
Stock splits do not change a company's underlying valuation on their own, but they can affect the per-lot entry price and how investors trade a stock. ITSEC Asia said the split would lower the per-lot entry cost and broaden participation among retail and institutional investors.
Indonesia's stock market uses standardised trading units, and a lower share price can make it easier for smaller investors to build positions. ITSEC Asia also said the move could support liquidity by increasing the number of shares available for trading.
According to ITSEC Asia, the Indonesia Stock Exchange has granted in-principle approval through a letter dated 24 February 2026. If shareholders approve the proposal, shares with the new nominal value are expected to begin trading on 26 May 2026.
Warrant adjustment
The split would also trigger a proportional adjustment to the company's Waran Seri I, which trade under the code CYBR-W. ITSEC Asia said the number of outstanding warrants would double to about 480 million from about 240 million.
The exercise price would be adjusted as well, falling to Rp200 per warrant from Rp400, to keep the warrants' economic value proportionally unchanged.
Such adjustments are standard when warrants and other equity-linked instruments are outstanding. Without them, holders' effective exposure could change as share counts and nominal values shift.
Investor positioning
Patrick Dannacher, President Director and CEO, linked the move to the company's long-term growth plans and the development of Indonesia's cybersecurity market.
"This stock split reflects our confidence in ITSEC's growth trajectory and our belief that a broader, more diverse shareholder community strengthens the company for the long term. As Indonesia's cybersecurity and AI sector matures, we want more investors, from retail participants to institutional partners, to have accessible entry points into a company that is building critical security capabilities from Indonesia for the global market."
ITSEC Asia also said it does not plan other corporate actions that would affect share count or capital structure within six months of the split's effective date. For investors, that offers a clearer near-term view of potential dilution and capital changes beyond the split itself.
Company profile
ITSEC Asia describes itself as Indonesia's first publicly listed cybersecurity company. It operates across cybersecurity and artificial intelligence, providing consulting, technology integration, Security Operation Centre operations, and managed security services.
The company said it has more than 400 experts across Indonesia, Singapore, Australia, Mauritius, and Dubai, and that it has been verified by BSSN, Indonesia's National Cyber and Crypto Agency.
Among its products, ITSEC Asia highlighted IntelliBroń, described as a locally developed platform for identifying, analysing, and responding to cyber incidents in real time.
Attention on cybersecurity has grown as governments and businesses place greater emphasis on operational resilience, data protection, and response readiness. Against that backdrop, ITSEC Asia is moving to a shareholder vote on the proposed stock split at the Extraordinary General Meeting on 16 April 2026.