JAKARTA. PT Distribusi Voucher Nusantara Tbk (DIVA) announced that it will extend its share buyback period until 18 September 2020, due to fluctuating market.
Raymond Loho, Director of DIVA, said the company plan to repurchase 142,857,140 of its shares at most. Loho said that the maximum purchase price that would be used is Rp 2,950 per share. It is estimated that the company will prepare a budget of Rp 421.43 billion for the buyback
In the buyback, DIVA uses the services of a securities broker. The shares will be purchased on the Indonesia Stock Exchange.
According to idnfinancials.com data, DIVA's share price was recorded at the level of Rp 1,710 per share at 13.38 WIB today, 8.57% higher than its price at the end of trading yesterday (Rp 1,575 per share). (KR/AR)