JAKARTA – PT Merdeka Copper Gold Tbk (MDKA) realises its shares buyback, scoring IDR 3.99 billion out of the allocated IDR 568 billion. The shares from the buyback would be transferred to the long-term incentive program (LTI) for the directors and commissaries of MDKA.
Adi Adriansyah Sjoekri, the Corporate Secretary of Merdeka Copper Gold, specified the amount of buyback: 1,485,000 units of shares with a price of IDR 2,685 each. “The company ended the buyback period yesterday (24/5), sooner than the initial schedule of July 29, 2021,” Sjoekri mentioned in the information disclosure, quoted Tuesday (25/5).
According to Sjoekri, the said LTI program would take place no later than July 29, 2021.
The Extraordinary General Shareholders Meeting of MDKA on July 29, 2020, agreed to launch a buyback of 2% of the entire issued and paid-up capital, then initiate the LTI program. In June 2020, MDKA’s shares were at 21,897,591,650 units, with Garibaldi Thohir owning 8.946%, PT Mitra Daya Mustika 13,466%, Banyuwangi Regency Government 5,229%, PT Suwarta Arta Mandiri 7,167%, and PT Saratoga Investama Sedaya Tbk 19,737%. (LK)