Mitra Pinasthika Mustika announced buyback on February 1, 2016
2016-02-01 10:12:33
PT. Mitra Pinasthika Mustika Tbk (MPMX) will conduct buyback of the Company through the Indonesia Stock Exchange.
The Company's shares repurchase will be carried out with reference as follows:
- Schedule of shares repurchases.The Company's shares repurchase will be carried out starting February 1, 2016 - May 1, 2016.
- Large amounts of costs on share repurchase. The cost to be incurred by the Company to carry out share repurchases is the cost of paying fees for securities brokers which is 0.29% maximum of each purchase transaction.
- Estimated nominal amount of shares to be repurchased. The Company provides as much as Rp30 billion funds to repurchase the company's shares with a maximum price of Rp1,000 per share, so that the total nominal value of the shares to be purchased by the Company will depend on the stock price in the stock market.
- Estimated decline in the Company's revenue as a result of the implementation of share repurchase and the impact of the Company's financing costs. The Company estimates that there will be no impact of declining income with the implementation of share repurchase. While the impact of repurchasing shares on the Company's financing costs will be very small.
- The Company earnings per share performance after share repurchase is carried out taking into account the decline in income. Because there is no impact of decreasing income due to the repurchase of the Company's shares, there is no change in profitability of the Company.
- Limitation of stock price for stock repurchase.The company will stop buying back shares if the share price has reached more than Rp1,000 (W)
MPMX - PT. Mitra Pinasthika Mustika Tbk
Rp 1.010
+5 (+1,00%)