JAKARTA - PT Bukit Asam Tbk (PTBA) sold its treasury shares of a buyback program as much as 96,093,700 shares at a price of Rp 2,500 per share. The total proceeds from the transfer of treasury share are Rp 240.23 billion.
Quoted from the information disclosure of PT Bukit Asam, the buyer of these shares, among others, PT BNI Sekuritas and PT Danareksa Sekuritas conducted on December 4, 2019. Between the two parties namely, the buyer and seller have an affiliation relationship under the same controller, namely the government.
With the same transfer, the total shares sold were 649,987,500 treasury shares resulting from the purchase of phase I and II. In the three-stage buyback program, PTBA recorded a total purchase of 980,283,500 shares. Thus, the remaining treasury shares which are still held by the company are 330,296,000 shares.
In the first period between 21 May 2012-23 May 2013, the number of shares repurchased was 576,032,500 shares, in the second phase of the period 4 November -13 December 2013, shares were repurchased 73,955,000 shares, and stage three on 2 September- December 1, 2015, shares of which were purchased were 330,296,000 shares. (LK)