The Company plans to conduct buyback of the Company’s shares that have been issued and listed on the Indonesia Stock Exchange (“Shares Buyback”) in accordance with the Financial Services Authority (“OJK”) Rule No. 2/POJK.04/2013 on Buyback of Shares Issued by the Publicly Listed Company or Public Company in Significantly Fluctuating Market Conditions (“OJK Rule No. 2/POJK.04/2013”) and OJK Curcular Letter No.3/SEOJK.04/2020 on Other Conditions Constituting Significantly Fluctuating Market Conditions Allowing for Buyback of Shares (“SEOJK No. 3/SEOJK.4/2020”).
The Shares Buyback will be up for up to Rp40,000,000,000 (forty billion Rupiah) which will be conducted gradually over three months from 5 May 2020 until 5 August 2020. The Shares Buyback transactions will be executed by approval of the Company’s Board of Directors and through the Indonesian Stock Exchange (“IDX”)
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