JAKARTA - On 21 July 2020, PT Mark Dynamics Indonesia Tbk (MARK) will transfer 20,436,100 shares repurchased by the company. However, the company has not set the exercise price for the corporate action plan.
Ridwan, President Director of PT Mark Dynamics Indonesia Tbk (MARK), said the company had appointed PT Panin Sekuritas Tbk as the seller of those shares. "The selling price will not be lower than the average of daily closing prices on the exchange for the last 90 days before the sale date," he said, as quoted from information disclosure published on Tuesday (7/7).
In the buyback program which ran from 23 March to 23 June 2020, MARK's management allocated Rp 15 billion to repurchase a maximum of 20% of the company's paid-up share capital. (LK/AR)