HomeNewsVideos

Itama Ranoraya extended its buyback to two more months

10 March 2022 06:58

JAKARTA. PT Itama Ranoraya Tbk (IRRA), a company engaged in the trading of laboratory and health devices, announced an extension for its shares buyback to May 24, 2022.

Pratoto Satno Raharjo, Director of IRRA, claimed that the said corporate action was actually intended to last until February 25, 2022. However, by the day came, there were still portions of shares from the maximum limit of shares eligible to be repurchased by the company.

“The company plans to extend the period of this shares buyback,” Raharjo confirmed in the information disclosure in Indonesia Stock Exchange (IDX).

According to idnfinancials.com data, IRRA launched its buyback in November 2021. The company then aimed to repurchase 75 million shares in the said buyback, which were equivalent to 4.69% of its shares outstanding.

The total budget allocated for this buyback amounted to IDR 120 billion. After this buyback, IRRA’s profit per share was projected to rise from IDR 40 to IDR 68.75 each. (KR/ZH)

© 2024 - IDN Financials - All Rights Reserved.