Harum Energy potentially gains IDR 614 billion from selling its treasury stock
JAKARTA. PT Harum Energy Tbk (HRUM), a coal mining company with a market cap of IDR 11.06 trillion, would divest or transfer 117.35 million shares stored in treasury stock. These shares were initially gained through a buyback.
Ray A Gunara, President Director of HRUM, claims to have appointed PT Ciptadana Sekuritas Asia as the executor for this treasury stock transfer. “The treasury stock sales would commence on September 1, 2021, to August 31, 2022,” Gunara reveals in the information disclosure in Indonesia Stock Exchange earlier today (18/8).
As of June 2021, Harum Energy is known to have 117.35 million shares kept in its treasury shares. That amount equals 6.56% of the company’s entire issued and paid-up capital.
The shareholders of HRUM include PT Karunia Bara Perkasa, which controls 79.79% of the shares. Then, PT Bara Sejahtera Abadi secures another 0.09%, Ray A Gunara 0.01%, while the remaining 13.55% belongs to public investors.
According to idnfinancials.com, HRUM’s average stock price within the last ten days stays at IDR 5,235 per share. Thus, once calculated using this price, Harum Energy could potentially obtain IDR 614 billion in total from the treasury stock divestment. (KR/ZH)