JAKARTA - PT Trisula International Tbk (TRIS) has allocated IDR 40 billion to buy back its shares. This corporate action is expected to improve company performance and flexibility in capital management so that it is more efficient.
In the information disclosure quoted on Wednesday (21/4), TRIS plans to carry out this corporate action no later than 18 months after it is approved in the EGMS on May 27, 2021. The number of shares to be purchased is 314,144,380 shares or 10% of the company's paid-up capital.
TRIS management says that this corporate action will not have a negative impact on the company's revenue and net profit performance. The maximum share buyback price is equal to the average daily trading closing price on the Indonesia Stock Exchange (IDX) in the last 90 days prior to the buyback date. (LK/LM)