JAKARTA. PT Harum Energy Tbk (HRUM) would sell its treasury stock of 136.98 million shares of the total 177,352,800 units gained in the previous buyback.
The management of this mining company reveals the action plan in the information disclosure yesterday (18/8). It was said that the transfer of the treasury stock would be performed in the Indonesia Stock Exchange of maximum shares of 136,981,100 units.
The treasury stock sales would start on September 1, 2021, and end on August 31, 2022. PT Ciptadana Sekuritas Asia would be the executor of the sales. Thus, it would also abide by the regulations stated in POJK No. 30/2017, which required one stock exchange member to perform the treasury stock sales/transfer. Furthermore, the sales could only be initiated from 30 minutes after the trading opening until 30 minutes before the closing.
In addition, the said regulation specifies that the number of shares to be resold each day should be equal to or less than 20% of the total shares repurchased by the company in a buyback. (AM/ZH)