JAKARTA – PT Royal Prima Tbk (PRIM), the managing company of Royal Prima Hospital, allocates IDR 10 billion to repurchase its shares from September 22 to December 22, 2021. Corporate Secretary of Royal Prima, Mok Siu Pen, confirms the news in the information disclosure, quoted Tuesday (21/9).
The number of shares to be repurchased would be capped at 20% of its entire issued and paid-up capital. “The source of this buyback would come from internal cash. Thus, our assets and equity would decrease by IDR 10 billion,” Mok Siu Pen discloses more.
According to Mok Siu Pen, the diminishing equity would not affect operational activities as the current working capital and cash are sufficient to fund these actions simultaneously. Total assets would be reduced to IDR 1.12 trillion from IDR 1.13 trillion, while total equity would deplete from IDR 952.81 billion to 942.81 billion. Furthermore, its net profit also drops to IDR 63.10 billion from IDR 63.32 billion, bringing its profit per share up to IDR 18.61 from IDR 18.82.
The repurchased shares would be stored as treasury stock for three years since December 2021. Therefore, these shares would not be reckoned in meeting quorum during annual shareholder meetings. (LK/ZH)