The Company hereby notifies the shareholders that the Company plans to buy back the Company’s Shares which have been issued and listed on the Indonesia Stock Exchange (“IDX“) with a maximum allocation of funds of Rp. 100,000,000,000.- (one hundred billion Rupiah) to purchase a maximum of 90,909,091 (ninety million nine hundred nine thousand ninety-one) shares of the Company or 5.83% (five point eight three percent) of the entire issued and fully paid up capital in the Company (“Company’s Share Buyback“) and will be carried out in stages within a maximum period of 18 (eighteen) months from the approval of the Company’s Share Buyback by the Company’s Extraordinary General Meeting of Shareholders (“EGMS“) based on the Company’s articles of association, Law No. 40 of 2007 concerning Limited Liability Companies as amended by Law No. 6 of 2023 concerning Stipulation of Government Regulation in Lieu of Law No. 2 of 2022 concerning Job Creation to become Law (“Company Law”), Regulation of the Financial Services Authority (“OJK”) No. 30/POJK.04/2017 concerning Buyback of Shares Issued by Public Companies (“POJK 30/2017”), OJK Regulation No. 15/POJK.04/2020 concerning Planning and Organizing of General Meeting of Shareholders of Public Companies (“POJK 15/2020”), and OJK Regulation No.16/POJK.04/2020 concerning Implementation of General Meeting of Shareholders of Public Companies Electronic (“POJK 16/2020“) and other applicable provisions.
More information about the plan can be downloaded here
