The Company planned to conduct the share repurchase of the Company which have been issued and listed on Indonesia Stock Exchange amounted to 130,000,000 shares, that has been approved by the shareholders in General Meeting of Shareholders (AGM) on the plan of stock split with the ratio of 1: 4, which will be gradually implemented in 18 months period since the approval of General Meeting of Shareholders.

The shares repurchase of the Company will be conducted after stock splitting by the Company.

Description:
- Stock split did not give any impact on the buyback scheme.
- The number of treasury stock did not reduce the number of issued and paid-up capital.

CHAPTER III. ANALYSIS AND DISCUSSION letters A ESTIMATION EFFECT OF BUY BACK SHARES AND THE IMPACT ON FINANCING


The impact of exchange rate from US Dollar to Rupiah (considering US dollar as the functional currency of the Company) were as follows:

The Company planned to repurchase shares with the maximum amount of USD 5,000,000, assuming the value of USD 1 (1 United States dollar) was equal to Rp 13,000. So, if at the time the Company repurchased the shares, and then there was a strengthening / weakening on US dollar (USD) value to Rupiah up to 10%, the Company will gain profit / loss on foreign exchange amounting to USD 500,000.

LEAD - PT. Logindo Samudramakmur Tbk

Rp 72

-1 (-1,39%)