JAKARTA – PT Mayora Indah Tbk (MYOR), a processed food and beverage manufacturer, is set to carry out a share buyback with an allocated fund of Rp1 trillion.

MYOR’s Corporate Secretary, Yuni Gunawan, stated that the buyback will take place from 5 June 2025 to 5 June 2026.

The number of shares repurchased by MYOR will not exceed 20% of the paid-up capital, while maintaining a minimum of 7.5% of outstanding shares.

“The funds for this buyback come from the company’s internal cash reserves,” Yuni said in a public disclosure at the Indonesia Stock Exchange (BEI) on Wednesday (14 May).

Yuni added that MYOR’s share buyback will not have a material impact on the company’s performance and revenue, as the company still holds sufficient retained earnings and cash amounting to Rp4.6 trillion as of the end of 2024.

“The company expects this buyback to provide efficient capital structure flexibility and reflect performance through share prices,” she stated.

The repurchased shares will be recorded as treasury shares, with PT Indo Premier Sekuritas appointed as the executor of the share buyback on the stock exchange. (DH/KR/LM)