RUNS to cut its buyback period short

21 November 2022 12:32

JAKARTA. PT Global Sukses Solusi Tbk (RUNS), an Enterprise Resource Planning (ERP) solution provider, has reportedly called its buyback of 4.47 billion shares to a premature end, earlier than the initial schedule.

The buyback took place from October 5 to November 16, 2022. In this corporate action, RUNS reportedly prepared IDR 785.43 billion to repurchase its own shares from the investors.

“With the issuance of this report, the buyback process throughout the period mentioned above has been officially concluded,” Nizar, Director of RUNS, announced in the information disclosure in Indonesia Stock Exchange (IDX).

Prior to this, RUNS scheduled the buyback until January 4, 2023. However, as of November 16, 2022, the number of repurchased shares had reached the predetermined target.

According to idnfinancials.com data, at the end of the first closing bell today (21/11), RUNS’s stock price increased 3.23% or 6 points to IDR 192 per share. On the contrary, since the beginning of this year (year-to-date/ytd), its stock price has gone down 30.94% or 86 points to IDR 278 per share. (KR/ZH)

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