TRIN spent IDR 55.72 billion for a buyback
JAKARTA – PT Perintis Triniti Properti Tbk (TRIN) recorded budget realisation for the buyback of IDR 55.72 billion, arriving lower than the initial maximum allocation of IDR 60 billion.
“The realisation of this buyback reaches 199 million shares through the buyback period starting February 21 until May 23, 2022,” Riska Afriani, Corporate Secretary of Perintis Triniti Properti, revealed in the information disclosure quoted Wednesday (25/5).
The price set in this corporate action was approximately IDR 280 per share, referring the average stock price of TRIN in the last 90 days prior to the kick off of the buyback. Throughout this buyback period, TRIN’s stock showed fluctuation, maxing out at IDR 590 per share in late February 2022 and slowing down to IDR 444 each in May 2022.
PT Mirae Asset Sekuritas has been assigned as the lead arranger in this buyback. This corporate action is estimated to take up IDR 60 billion of its assets, depleting from IDR 1.72 trillion to IDR 1.65 trillion. (LK/ZH)