JAKARTA. PT Royal Prima Tbk (PRIM) arranges a buyback, repurchasing its shares of no less than 20% of the paid-up capital. The buyback will take place gradually within the next three months.
In the information disclosure yesterday (24/1), Royal Prima management said that the buyback would be performed using a reasonable and customary price, paying attention to the existing regulation. The estimated total face value of repurchased shares amounts to IDR 10 billion at max. For the record, the buyback is projected to last from January 28 to March 28, 2022.
The management is confident that the buyback will have no significant impact on Royal Prima’s revenue and funds as it will utilise its internal cash. This hospital issuer also mentioned that the buyback would not affect the profit, as the corporate action will not affect PRIM’s income.
PRIM will store the repurchased shares as treasury stock, which will be saved for no more than three years since the end date of the buyback. (AM/ZH)