JAKARTA – In a significant move that has drawn market attention, Alexander Ramlie, the Commissioner of PT Amman Mineral Internasional Tbk. (AMMN), has acquired a substantial 229.89 million AMMN shares. This colossal transaction is valued at an estimated Rp1.85 trillion, signaling notable activity within the prominent mining company’s executive ranks.
The series of purchases for the common shares of Amman Mineral Internasional took place over several days, from August 28 to September 1, 2025. Ramlie executed the acquisition in two distinct phases: an initial block of 3.4 million shares at Rp7,794 per share, followed by a larger tranche of 226.5 million shares at Rp8,074 per share. In a statement dated September 3, 2025, Ramlie clarified the purpose of these transactions, citing “share collateral restructuring” as the driving force behind the substantial investment.
This major acquisition significantly bolstered Alexander Ramlie’s stake in AMMN, elevating his total ownership to 335.30 million shares, or 0.462% of the company’s outstanding stock. Previously, he held 105.40 million shares, equivalent to 0.145%. Adding an interesting layer to this narrative, Ramlie’s recent buying spree occurred shortly after he divested a substantial portion of his holdings. Just days prior, on August 26, 2025, he sold 282.99 million AMMN shares at Rp8,075 per share, fetching a total transaction value of Rp2.28 trillion. This sequence of large-scale buying and selling by a top executive suggests strategic maneuvering within the company’s ownership structure.
AMMN Executives Engage in Collective Share Sales
The significant share activity extends beyond Commissioner Ramlie. Earlier reports from Bisnis revealed a synchronized divestment trend among several directors of PT Amman Mineral Internasional Tbk. (AMMN) throughout August 2025. These collective transactions by three key directors amounted to a substantial Rp603.85 billion, painting a picture of diverse executive strategies at play.
According to disclosures filed with the Indonesia Stock Exchange (IDX), the latest executive to trim their stake was Irwin Ka Pui Wan, a Director at Amman Mineral. Between August 12 and 15, 2025, Wan divested 40 million AMMN shares at an average price of Rp8,595 per share. This sale generated an estimated Rp343.8 billion. Prior to this transaction, Wan held 79.05 million shares (0.109% of total voting shares), which subsequently decreased to 39.05 million shares (0.054%).
In his official report, Wan explicitly stated that the purpose of his sale was for “personal investment.” He also clarified that all shares sold were common shares, not those with special dual-voting rights. This explanation was provided in a letter to the Financial Services Authority (OJK) and IDX, dated August 18, 2025.
Preceding Wan’s divestment, two other directors of Amman Mineral Internasional – Naveen Chandra and David Alexander Gibbs – also executed significant share sales, collectively valued at Rp260 billion, between August 7 and 8, 2025. Naveen Chandra offloaded 26 million company shares on August 7, 2025, at a price of Rp8,828 per share, resulting in a transaction worth Rp229.52 billion. Following this, Naveen’s AMMN shareholding decreased from 79,056,600 (0.109%) to 53,056,600 (0.073%) shares.
Similarly, David Alexander Gibbs, also a Director at AMMN, sold a portion of his company shares on August 8, 2025. Gibbs divested 3,536,500 shares at Rp8,635 per share, with the total sale amounting to approximately Rp30.53 billion. After this transaction, Gibbs’ ownership reduced from 11,536,500 shares to 8,000,000 shares, representing 0.011% of AMMN’s total outstanding shares. Cumulatively, the total value of shares sold by these three Amman Mineral directors throughout August 2025 reached Rp603.85 billion.
On the stock exchange floor today, Thursday, September 4, 2025, AMMN shares were observed trading down by 0.31% to Rp8,000 per share as of 13:36 WIB. Furthermore, the company’s stock has experienced a year-to-date correction of 5.60% in 2025, reflecting broader market dynamics and investor sentiment surrounding mining sector stocks.
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Summary
Alexander Ramlie, Commissioner of PT Amman Mineral Internasional Tbk. (AMMN), acquired 229.89 million AMMN shares for an estimated Rp1.85 trillion between August 28 and September 1, 2025. This significant purchase, aimed at “share collateral restructuring,” increased his total ownership to 0.462%. Notably, this transaction occurred shortly after he sold 282.99 million shares on August 26, 2025, indicating strategic movements in his holdings.
Concurrently, several other AMMN directors collectively divested shares worth Rp603.85 billion throughout August 2025. Director Irwin Ka Pui Wan sold 40 million shares for “personal investment,” while Naveen Chandra and David Alexander Gibbs also offloaded significant portions of their stakes. These executive transactions unfold as AMMN shares have experienced a 5.60% year-to-date correction in 2025.