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PSSI readies IDR 100 billion for buyback

01 November 2022 14:43

JAKARTA – PT Pelita Samudera Shipping Tbk (PSSI) allocates IDR 100 billion to repurchase 100 million units of its own shares (buyback).

In the information disclosure quoted Tuesday (1/11), Mega Vieri, Corporate Secretary of PSSI, mentioned that this arrangement will take up six-months period, starting from December 9, 2022, until June 30, 2023. “The shares buyback will take place based on the consideration made by the board of directors of the company,” she added.

This corporate action will surely deplete PSSI’s assets and equity, bringing the assets from USD 179.19 million to USD 172.32 million and the total equity from USD 136.89 million to USD 130.02 million. Furthermore, the outstanding shares will also decrease from 5,256,467,245 shares to 5,156,467,245 units. (LK/ZH)

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