JAKARTA – PT Tower Bersama Infrastructure Tbk (TBIG) will repurchase 679,709,900 units of its shares (buyback), equivalent to 3% of its entire issued and paid-up capital of 22,656,999,446 shares. This corporate action will last three months, starting from today, July 25, 2022, until October 24, 2022.
Helmy Yusman Santoso, Corporate Secretary of Tower Bersama Infrastructure, claimed that the shares of this corporate action will be reassigned in no later than three years after being stored as treasury stock. “This corporate action will not significantly affect the company’s profit per share,” he reaffirmed in the information disclosure quoted Monday (25/7).
These shares might be transferred through several mechanisms, including the stock exchange and outside said system, the employee stock option plan, the conversion from debts to shares, and warrants issuance.
The outstanding shares after this buyback will be depleted to 20,180,964,995 shares from the initial 20,860,674,895 units. Then, the profit per share will shift from IDR 19.91 each to IDR 20.58 each.
Multiplying the number of repurchased shares with its face value of IDR 20 each, the total buyback value will reach IDR 13.95 billion. (LK/ZH)